Walter Industries Inc., Tampa, Fla., hired SunTrust Bank to replace Citibank as trustee of its $10 million 401(k) plan, said Jeanell Hires, manager of pension administration. Because SunTrust was already the provider for the 401(k) plan, Walter Industries decided to make it trustee as well, Ms. Hires said. Citibankt is master trustee of the plan’s $260 million defined benefit plan.
Walter Industries Inc., Tampa, Fla., hired SunTrust Bank to replace...
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