Benefits January 4, 2011

Beckley Joins WV 457 Plan

January 4, 2011 (PLANSPONSOR.com) - Under a resolution approved by Beckley Mayor Emmett Pugh, city workers are free to join Retirement Plus, the 457 supplemental retirement plan administered by State Treasurer John Perdue.
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The Beckley Register-Herald reports that the plan now has nearly 11,000 enrollees and $98 million in assets. ING is the investment manager for the program.  

Beckley’s population is 16,681 and it is the eighth-largest city in West Virginia. “We’re very pleased that a city the size of Beckley has seen fit to offer our 457 plan to its employees,” said Perdue, according to the news report. “West Virginia Retirement Plus has been a huge success since my office undertook administration. We’re pleased that our marketing and simple word of mouth has worked so successfully.”  

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Forty-four of the 55 counties in West Virginia offer Retirement Plus to their employees. Thirty-two other entities also participate in the 457 offering, including public service districts, health departments and county emergency centers.
Deals and People January 3, 2011

Vieth and Zients Join RPAG

January 3, 2010 (PLANSPONSOR.com) - Charlie Vieth and Steve Zients of Act2 Retirement Consulting have affiliated with practice management firm Retirement Plan Advisory Group (RPAG).
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Act2 also moved to Financial Telesis, Inc. for broker/dealer support.

The firm, which provides full-service retirement plan consulting to mid- to large-sized plans, with an emphasis on optimizing plan design and administrative procedures, was briefly affiliated with National Retirement Partners before moving to RPAG and Financial Telesis last month.

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Vieth and Zients both held senior positions with T. Rowe Price for a number of years before co-founding Act2 Retirement Consulting in late 2009. Vieth, served as President of T. Rowe Price Retirement Plan Services for 15 years, and Zients served 23 years as Senior Vice President of T. Rowe Price Retirement Plan Services, managing the Client Services department (see T. Rowe’s Vieth Announces Retirement).

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