Primesco/Mutual Savings Insurance Co., Birmingham, Ala., is converting its $46 million ESOP into a 401(k) plan, and hired Principal Financial Group to be administrator, record keeper, trustee and custodian, said Frank Thomas, chairman of the finance committee. The new, nine-option 401(k) plan is set to begin May 1.
Primesco/Mutual Savings Insurance Co., Birmingham, Ala., is converting...
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