The Rohrer Corp., Wadsworth, Ohio, is adding a 401(k) plan to its $5 million profit-sharing plan and selected KeyCorp to provide quasi-bundled services.
KeyCorp will provide four of seven investment options. Three options are managed by outside managers, said Joanne Rohrer, treasurer. KeyCorp has been the record keeper for the quarterly valued profit-sharing plan.
As of June 1, Rohrer employees will have full investment discretion over assets in the profit-sharing plan, as well as employee contributions in the 401(k) part of the plan.