General Dynamics chooses Fidelity as 401(k) plans' provider
By Rob Kozlowski | November 29, 2012 2:47 pm
The company's current record keeper and benefit administration service provider is Aon Hewitt; Northern Trust is the plans' current trustee. Fidelity will take on all three roles.
Mr. Doolittle said an RFP was issued earlier this year because the company felt it was time to undertake a competitive process. Both Aon Hewitt and Northern Trust were invited to rebid.
A blackout period for participants will begin after 4 p.m. EST on Dec. 27 and end no later than Jan. 2.
According to the company's most recent 11-K filings, the combined assets of the 401(k) plans totaled $8 billion as of Dec. 31. The assets for the General Dynamics Corp. Supplemental Savings and Stock Investment Plan could not be learned by press time.
A phone call to Henry C. Eickelberg, vice president-human resources and shared services, was not returned by press time.