Washington, D.C. Selects ICMA-RC as Sole Recordkeeper for Its Retirement Plans

WASHINGTON, March 17, 2015 /PRNewswire-USNewswire/ -- Washington, D.C. has selected ICMA-RC to be the exclusive provider of recordkeeping services for its 457 Deferred Compensation and 401(a) Defined Contribution Pension Plans.

"We are pleased to have selected ICMA-RC, a non-profit corporation headquartered in the District of Columbia, as the sole provider for our defined contribution plans' services," said Jeffrey A. Barnette, Washington, D.C. Deputy CFO and Treasurer. "We chose ICMA-RC based on its demonstrated ability to provide exceptional client support and financial education to Washington, D.C. employees as they save for retirement. We look forward to a successful partnership with ICMA-RC for the benefit of all District employees."

Under the agreement, ICMA-RC will administer more than $1.3 billion in assets for approximately 40,000 employees in the District's 457 and 401(a) plans.

"We are extremely proud to have been selected to serve public sector employees in Washington, DC, where our headquarters is located and where many of our employees live," said Bob Schultze, ICMA-RC President and CEO. "For more than 40 years, we have assisted public employees across the country in achieving their retirement goals. And, we look forward to helping the District's employees build their retirement security."

About ICMA-RC
Founded in 1972, ICMA-RC is a non-profit independent financial services corporation based in Washington, D.C. focused on providing retirement plans and related services for more than one million public sector participant accounts and more than 9,000 retirement plans. Our mission is to help build retirement security for public employees. We deliver on our mission by focusing on service, quality and value. All of our retirement programs, administrative services and educational tools have been developed specifically for public sector retirement plan administrators and participants. For more information, visit www.icmarc.org. AC: 0315-7664

SOURCE ICMA-RC

Related Links

http://www.icmarc.org

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