ING Retained by American Bar Association Retirement Funds To Service and Grow ABA...

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Mon Mar 30, 2009 1:00pm EDT

ING Retained by American Bar Association Retirement Funds To Service and Grow
ABA Retirement Funds Program

QUINCY, Mass., March 30 /PRNewswire-FirstCall/ -- ING U.S. Retirement Services
(ING) is pleased to announce that its Institutional Plan Services division
(the former CitiStreet) has extended its relationship with the American Bar
Association Retirement Funds by signing a five-year contract to service the
$3.0 billion ABA Retirement Funds Program, a not-for-profit program that
provides unique, low-cost 401(k) plans and fiduciary oversight to law firms of
all sizes. 

ING will continue to provide complete administration, recordkeeping,
compliance and marketing services for the ABA Retirement Funds Program, which
serves more than 4,000 law firms and over 40,000 participants.  Services will
include expanded regional sales and client education, an enhanced investments
menu with additional index funds, self-directed brokerage, and objective,
personalized investment advice, along with investment fiduciary services from
Northern Trust. 

"It has been a privilege for us to play a role in the success and ongoing
expansion of the ABA Retirement Funds Program for more than 16 years," said
Sandra McCarthy, president of ING Institutional Plan Services.  "ING will
continue to work strategically and proactively to help enable the program to
achieve its goals for growth and for serving the legal community through
comprehensive retirement planning solutions."  

"Our organizations have worked together to serve our member firms and their
participants since 1991 by providing a robust, low-cost retirement savings
solution," said Harry Hathaway, president of the ABA Retirement Funds Program.
 "We are now building on this strong foundation to expand the ABA Retirement
Funds Program throughout the United States by leveraging ING's industry
leadership and national distribution channels."

ING's U.S. Retirement Services business has a leadership position in a wide
range of businesses and ranks as the largest defined contribution business in
the United States based on number of plans, the second largest based on number
of plan participants, and the third largest based on combined assets under
management and administration, with more than $300 billion. (1) 

ABA Retirement Funds - formerly American Bar Retirement Association and the
affiliated ABA Members Retirement Program - was established more than 40 years
ago by the American Bar Association to help the legal community with
retirement planning and solutions.


    Press inquiries:
    Joe Loparco
    ING Americas
    Office: 860.580.2677
    Cell:  860.462.6525
    joseph.loparco@us.ing.com

    Bradley Blewett, Associate Executive Director
    ABA Retirement Funds Program
    +1 312.988.5854
    blewettb@staff.abanet.org




About ING

ING is a global financial institution of Dutch origin banking, investments,
life insurance and retirement services to over 85 million private, corporate
and institutional clients in more than 40 countries. With a diverse workforce
of about 125,000 people, ING is dedicated to setting the standard in helping
our clients manage their financial future.

In the U.S., the ING (NYSE: ING) family of companies offers a comprehensive
array of financial services to retail and institutional clients, which
includes life insurance, retirement plans, mutual funds, managed accounts,
alternative investments, direct banking, institutional investment management,
annuities, employee benefits, financial planning, and reinsurance. ING holds
top-tier rankings in key U.S. markets and serves over 29 million customers
across the nation. For more information, visit www.ing.com/US.

Plan administrative services provided by ING Institutional Plan Services, LLC.

About ABA Retirement Funds

ABA Retirement Funds offers tax-qualified retirement plan services to legal
professionals, along with educational information related to retirement
planning and funding. The ABA Retirement Funds program ("the Program") is
sponsored by the ABA Retirement Funds' an Illinois not-for-profit corporation
organized by the American Bar Association.  The Program has earned "preferred
vendor status" with 37 state bar and other legal associations. The Program is
also an ABA Member Advantage company.  For more information, visit
www.abaretirement.com.
 
1. 2008 PLAN SPONSOR record keepers survey data



SOURCE  ING

Joe Loparco, ING Americas, +1-860-580-2677, Cell: +1-860-462-6525,
joseph.loparco@us.ing.com; Bradley Blewett, Associate Executive Director, ABA
Retirement Funds Program, +1-312-988-5854, blewettb@staff.abanet.org
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