VRS transitions to new record keeper for 457 Plan
December 18, 2013
In January 2014, VRS will change record keepers from ING to ICMA-RC for the Commonwealth of Virginia 457 Deferred Compensation Plan. During the blackout period from December 31, 2013 to on or around January 10, 2014, participants may review their accounts by going online
or by calling ING at 1-VRS-DC-PLAN1 (1-877-327-5261). However, participants will not be able to conduct transactions such as fund transfers or withdrawals. Funds will remain invested throughout the period and the review-only function on the website will reflect daily changes in market value of each account.
You don’t need to take any action during this record keeping transition. The changeover will be handled electronically. There’s no need to re-enroll or make any changes to your account and your investment options will remain the same. Find out more about the transition to ICMA-RC
. Once the transition is completed, you will create a user ID and password to access your Defined Contributions account. ICMA-RC will provide details in January on how to create your new ID and password, as well as other information about your account.