S&K Famous Brands Inc., Richmond, Va., hired SunTrust as bundled provider for its combined $11 million 401(k) and profit-sharing plans, offering 12 investment options, said Gray Rawlings, vice president of administration at S&K. She would not disclose any information regarding the former service provider.
S&K made the change because of SunTrust’s educational programs, which were customized to suit participants’ needs, Robert Knowles, executive vice president at S&K, said in a news release.
