O’Neal Steel Inc., Birmingham, Ala., hired New York Life Benefit Services to manage the fund’s entire $50 million in assets in a balanced portfolio. Funding comes from terminating Weiss Peck & Greer, which managed the money in active domestic large-cap equities. New York Life is also trustee, administrator and record keeper; officials for the plan wanted to save money by having one provider for all services, said Jackie Breazeale, benefits manager for the fund.
O'Neal Steel Inc., Birmingham, Ala., hired New York Life Benefit...
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