Updated with correction
Wurts' discretionary asset management division will be working in partnership with UBS Global Asset Management.
Mr. Banstetter would not provide further details on the partnership.
Delta had $8.2 billion in defined benefit plan assets as of Dec. 31, and $21.5 billion in projected benefit obligations, for a funding ratio of 38.1%, according to the company's most recent 10-K filing.
As of Dec. 31, also according to the 10-K filing, Delta's actual allocation for the plan was 23% alternative investments, 20% international developed markets equities, 19% diversified fixed income, 17% domestic equities, 7% each emerging markets equities and cash, 5% hedge funds and 2% high yield fixed income.
Targets as of Dec. 31 were 23% diversified fixed income, 21% domestic equities, 20% international developed markets equities, 19% alternative investments, 6% emerging markets equities, 5% each hedge funds and cash equivalents, and 1% high yield fixed income.
Phone calls to officials at Wurts & Associates were referred to operations coordinator Jessica Magstadt, who did not return phone calls by press time.
Segal Rogerscasey officials said in a statement, “We value our relationship with Delta and are continuing to provide services to them going forward.” Segal Rogerscasey is general consultant for Delta's U.S. defined contribution plans, which had $10.9 billion in assets as of Sept. 30, 2012, according to Pensions & Investments data.