Colorado Iron Workers Benefit Plans, Denver, hired Strong Capital to manage $5 million in active domestic fixed income and State Street Global Advisors to manage $5 million in active domestic large-cap balanced core equity, said William F. Bates, branch manager with American Benefit Plan Administrators, administrator for the $63 million plan. Funding came from terminating Smoot, Miller, Cheney, which ran $10 million in active domestic fixed income, for performance, he said. The current allocation is 50% equity, 40% fixed income and 10% cash. Segal Advisors advised.
Lynn Miller, president of Smoot, Miller and Cheney, declined comment.