C.H. Robinson Worldwide Inc., Eden Prairie, Minn., hired American Express Retirement Services as service provider for its $90 million 401(k) plan, replacing U.S. Bank, said Troy Renner, treasurer-tax director. U.S. Bank was behind the technology curve, he said. Officials at U.S. Bank did not respond by press time.
Although the plans new investment options have not been selected, the lineup likely will be similar to the current one. The new options are expected to be in place in July.