Howard University and Howard University Hospital employ approximately 6,700 individuals. The savings program, which consists of a 403(b) and a 457 plan, has over $750 million in assets under management.
According to the announcement, educators and staff at the university will have access to ING’s local representatives, who are available for face-to-face meetings with participants on a group or individual basis. Employees will also be able to leverage ING’s financial literacy and planning resources to help them determine if they’re on track to reach their financial objectives in retirement.
“We are pleased to welcome ING as a new provider in our 403(b) and 457 savings program. Beyond excellent local representatives and a breadth of tools and services, we selected ING for its culturally relevant approach to financial education, strong commitment to the HBCU community and consistent track record of supporting issues that impact urban communities,” said Jimmy Jones from the Howard University Office of Talent Management, in the announcement.ING serves education employers and customers across all 50 states, with offices and representatives in the local communities where it does business. ING is also a provider for 15 government-sponsored retirement plans offered to state university systems.