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Florida Plan Retains Investment Providers

Florida Department of Financial Services, Tallahassee, has reappointed five investment providers for the $2.6 billion Florida Employees Deferred Compensation 457(b) plan.

Florida Department of Financial Services, Tallahassee, has reappointed five investment providers for the $2.6 billion Florida Employees Deferred Compensation 457(b) plan, Pensions & Investments reports. The state agency of Florida has retained Nationwide Retirement Services, $1.03 billion with 17 options using 11 managers and ING North America Insurance, $613 million with 15 options, 12 managers, including an ING-run intermediate government bond option.

The department, which looks after the plan, has also retained The Variable Annuity Life Insurance Co. of America, $377 million with 19 options, 12 managers and T. Rowe Price, $376 million with 13 options, all run by the firm. The fifth investment provider kept on by the Florida department is Great-West Retirement Services, which has assets worth $176 million with 15 investment options and 13 managers.

Click here for the story from Pensions & Investments.

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