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

PRNewswire-FirstCall
QUINCY, Mass.
Mar 30, 2009

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

First Call Analyst:
FCMN Contact:

SOURCE: ING

CONTACT: 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

Web Site: http://www.ing.com/US