ING U.S. Chosen as Service Provider for Serco Inc. Retirement Savings Program
ING’s U.S. Retirement business announced today that it was chosen as the retirement plan services provider for Serco Inc.’s employer-sponsored defined contribution retirement program. These services are provided by ING U.S.’s institutional corporate market division, which offers retirement plan services for large corporate employers.
Serco Inc. is the U.S. division of Serco Group plc, one of the world’s leading service companies. With headquarters in Reston, VA, and more than 100 locations across the country, Serco Inc. provides professional, technology and management services focused on the federal government.
The Serco Inc. retirement program consists of two 401(k) plans serving approximately 11,000 participants.
“ING U.S.’s proven track record supporting large plans – especially for employers like us that provide professional, technology and management services focused on the federal government – was an important part of our decision,” said Candy Curtin, vice president of Human Resources for Serco Inc. “We were also impressed with their relationship management model and the knowledge and administrative experience of the team, along with the full suite of investment, technology and education solutions to help our employees take greater control of their retirement planning and saving.”
As part of its approach to driving positive retirement outcomes, ING U.S. will provide Serco Inc. employees access to personalized, objective investment and retirement planning advice, along with industry-leading decision tools and education programs designed to engage and motivate employees to save.
In addition, Serco Inc. participants will have access to an expanded investment lineup, which includes a selection of best-in-class investment options – several managed by ING’s asset manager, ING Investment Management U.S.
”We are thrilled that Serco has placed its trust in ING U.S. as the company’s new retirement plan service provider,” said Wayne Finnegan, head of institutional corporate markets for ING U.S. Retirement. “ING U.S. is uniquely positioned to provide holistic retirement readiness solutions. We are committed to being a strategic partner to Serco and helping their employees achieve the financial security in retirement they expect and deserve.”
ING’s U.S. Retirement business holds top-tier rankings in the defined contribution industry. It is one of the few providers that serves all types and sizes of customers, including corporate, government, healthcare, K-12 and higher-education employers.
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About ING U.S.
ING U.S. constitutes the U.S.-based retirement, insurance and investment management operations of Dutch-based ING Groep N.V. (NYSE: ING). In the U.S., the ING family of companies offers a comprehensive array of financial services to retail and institutional clients, which includes life insurance, retirement plans, mutual funds, managed accounts, alternative investments, institutional investment management, annuities, employee benefits and financial planning. ING U.S. holds top-tier rankings in key U.S. markets and serves approximately 13 million customers across the nation. For more information, visit http://ing.us.