Hagemeyer PPS North America Inc., Atlanta, hired INVESCO Retirement Plan Services as bundled provider for its consolidated $300 million 401(k)/profit-sharing plan.
INVESCO replaces Vanguard, MFS and Great Bank. Hagemeyer is the North American arm of Netherlands-based Hagemeyer NV. The manager was hired to consolidate several plans and for its "out-of-the-box approach to plan administration, according to a statement. The new plan will offer 11 investment choices and a self-directed brokerage window. AON Consulting assisted.