Heidelberg Americas Inc., Atlanta, hired CitiStreet as bundled provider of its recently consolidated 401(k)/profit-sharing plan, said Crawford M. Scott, vice president human resources. Plan officials have consolidated four 401(k) plans from four subsidiaries of parent Heidelberger Druckmaschinen AG. Previous bundled providers Citistreet, T. Rowe Price, Merrill Lynch and Manning & Napier were allowed to rebid, Mr. Scott said. The plan will offer 15 investment options, he said. Mercer Investment Consulting advised on fund selection.
According to the Money Market Directory, the four plans were: the $230 million Heidelberg Web Press 401(k) plan; the $110 million Heidelberg USA Inc. 401(k)/profit-sharing plan; the $2 million Baumfolder Corp. 401(k) plan; and the Heidelberg Digital LLC 401(k) plan, for which no asset size was listed.