Tyson Foods, Inc., Springdale, Ark., rehired Howard Johnson as record keeper for its two main 401(k) plans and more than other 20 other retirement plans, which have combined assets of more than $500 million. The Tyson plan is being merged with those IBP Inc., which was acquired by Tyson in 2001, said Lois Bottomley, assistant vice president of benefits with Tyson Foods. Howard Johnson was record keeper for Tyson.
The combined company now has between 20 and 25 retirement plans; the exact number wasnt available. The plan design has not been finalized, she said.
Prime Consulting is assisting.