The city of Jacksonville, Fla., has picked Great-West Retirement Services to run an existing 457 deferred compensation retirement plan and a new 401(a) defined contribution retirement plan.

The 457 plan, which is already in place, has about 5,000 participants and $141 million in assets, according to Great-West, Greenwood Village, Colo.

Great-West also will manage the Jacksonville plan’s stable-value fund.

Great-West is a unit of Power Corp. of Canada, Montreal.