Rhone-Poulenc, Princeton, N.J., will merge its $517 million defined benefit plan and $418 million defined contribution plan with those of its U.S. subsidiaries by December, said Dawn Sanchez, finance and compliance specialist. Combined, the subsidiaries' plans amount to $800 million.
Ms. Sanchez said the merger will reduce fees, but will result in some manager hirings and terminations.
Rhone-Poulenc's eight managers currently are being reviewed, she said. They are: Sanford C. Bernstein; Brandes Investment; CIGNA Investments; Fidelity; Fischer Francis; Southeastern Asset; Strong Capital; and Lazard Asset.
Ms. Sanchez would not discuss investment styles and allocations.
Watson Wyatt Worldwide is assisting.