Benesch, Friedlander, Coplan & Aronoff LLP, Cleveland, hired Fidelity Investments as record keeper of its 401(k) plan, according to documents posted on the plan's website.
Fidelity becomes record keeper effective Sept. 1, the same date the law firm's two plans — the Elective Savings Plan and Money Purchase Pension Plan — will merge to become the Benesch, Friedlander, Coplan & Aronoff Elective Savings and Profit Sharing Plan. A blackout period for participants will begin on Aug. 9 and end during the week of Oct. 15.
Information on the prior record keepers could not be learned immediately.
As of Dec. 31, 2015, the Elective Savings Plan had $45 million in assets, and the Money Purchase Pension Plan had $43 million, according to the plans' most recent Form 5500 filings.
John Banks, chief operating officer and chief financial officer, could not be reached immediately to provide further information.