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Products January 12, 2009
ING Introduces Educator's Direct 403(b) Program
January 12, 2009 (PLANSPONSOR.com) - ING has
introduced the ING Educator's Direct 403(b) Program, a
variable annuity issued by ING Life Insurance and Annuity
Company, to education professionals in Delaware.
Reported by Rebecca Moore
According to a press release, the program makes retirement saving easier by offering a fund menu consisting solely of target-date maturity funds, and providing education, enrollment, and account management entirely online. In addition, online video tutorials provide information on the importance of saving for retirement, and the program’s online calculators are designed specifically for education professionals, the announcement said.
There are no minimums to get started, and the program offers competitive fees, according to ING.
In 2008, ING was one of thirteen companies selected as a provider for the State of Delaware’s 403(b) Plan, which is available to employees at 39 Delaware educational institutions including the State Department of Education, all public and charter schools, and two higher education institutions.
More information about the ING Educator’s Direct Program can be found at www.INGEducatorsDirect.com .