Mt. Holyoke College has hired ING U.S. Retirement Services in Windsor to manage the Massachusetts liberal arts school’s retirement-savings program.
Financial terms for the contract effective July 1 weren’t disclosed.
ING says it will be the sole servicer for Mt. Holyoke’s savings program with more than $200 million in assets that consists of a 403(b) and a 457 plan covering its more than 900 faculty and staff.
ING said Tuesday that its selection was the result of the college’s extensive evaluation and review process.
Gregg Andonian of BayState Fiduciary Advisors Inc., who led the vendor evaluation, said ING’s technology, open architecture and disclosure were key factors in the school’s choice.
Founded in 1837, all women’s liberal arts college in South Hadley, Mass., has more than 2,200 students.
