Washington, D.C.-based nonprofit financial services corporationICMA-RC has been chosen by the city to be its sole recordkeeper forits 457 deferred compensation and 401(a) defined contributionpension plans.

According to the agreement, ICMA-RC will administer more than$1.3 billion in assets in the 457 and 401(a) plans for the Districtof Columbia.

It will provide services, client support and financial educationto approximately 40,000 employees.

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