Malden Mills Industries Inc., Lawrence, Mass., hired NYLIM Retirement Plan Services to manage its $15 million defined benefit plan for union members, said Nate Simmons, Malden Mills spokesman. NYLIM already manages the company's $40 million defined contribution plan for its non-union workers, and Malden wanted a single firm to handle both plans, he said.
The previous manager was State Street Global Advisors, according to the Money Market Directory.
