Compass Group USA, Charlotte, N.C., changed its $26 million hourly worker profit-sharing plan to a savings plan, and participants now will direct investments, said Robert Kovacs, director-compensation, benefits and human resources.
As part of the change, the plan hired T. Rowe Price Associates to offer four investment choices: stable value; balanced; core equities; and growth equities. The plan's investments had been directed by the company in investment portfolios similar to its defined benefit plan.
