SEARCHES & HIRINGS
Kirkland & Ellis, Chicago, is doing a ``casual search'' for a record keeper for its 401(k) plan. The plan now uses Epaco and Vanguard as record keepers. The law firm hopes to decide on one record keeper and is including Epaco and Vanguard in the search, said Douglas McLemore, firm administrator. DiMeo Schneider & Associates is conducting the search.
No timetable has been established, but the firm is in the process of narrowing a list of candidates, Mr. McLemore said.
The Kirkland & Ellis plan has $53.7 million in assets, according to the 1997 Money Market Directory.
The Worcester Retirement System, Worcester, Mass., narrowed the list of candidates in its search for an international venture capital manager, said James A. DelSignore, city auditor and trustee of the $233 million pension fund.
Hambros or Murray Johnstone is expected to receive $3 million from cash flow and a maturing GIC.
The Worcester board could make a decision by the end of June. Dahab Associates is assisting.
Oce Printing Systems, Boca Raton, Fla., outsourced the investment and administration of its $13 million defined benefit pension plan and $32 million 401(k) plan to CIGNA Retirement & Investment Services. Oce Printing officials are still in the process of selecting investment options and asset allocations for both plans.
A spokesman declined to identify previous service providers.
Mercy Medical Center, Baltimore, hired Diversified Investment Advisors as bundled service provider for the center's new 401(k) plan.
Mercy Medical Center is converting its $26 million 403(b) plan to a 401(k) and selected six Diversified mutual funds representing major asset classes as well as three Diversified lifecycle funds