Certified Grocers of California, Los Angeles, will issue an RFP within two weeks for a new master trustee for its $40 million defined benefit plan, said David Woodward, treasurer.
Incumbent Bank of America's departure from the master trustee business prompted the search.
Separately, Pacific Income Advisors was hired to replace Fox Asset Management to run a $10 million balanced portfolio. Fox was replaced after several senior staffers left to form Osprey Capital Management.
Canterbury Consulting assisted.
