Teamsters Local 703, Chicago, added the LaSalle Bank Income Plus Fund as an option in its $53 million Chicago Teamsters Severance & Retirement Fund profit-sharing plan, said Thomas W. Stiede, secretary-treasurer and plan manager. The fund replaces a Morley Capital Management stable-value fund. Mr. Stiede said Morley is being terminated because of poor customer service. Officials at Morley did not return calls for comment by press time.
Marco Consulting Group advised.