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DEFINED CONTRIBUTION

$3 billion in retirement assets at stake in Amazon acquisition of Whole Foods

Whole Foods shareholders need to approve the transaction, which is expected to close in the second half of 2017 and is valued at about $13.7 billion, said a joint news release Friday from Amazon and Whole Foods. The Whole Foods name will be retained, and John Mackey will remain its CEO.

As of Dec. 31, 2015, Amazon had $2.1 billion in defined contribution assets, according to its most recent Form 5500 filing. As of the same date, Whole Foods had slightly more than $800 million in DC assets, according to its most recent 11-K filing.

A Whole Foods spokeswoman could not immediately be reached for additional information.