Steelworkers & Highway Contractors, Pennsylvania Locals, Coatesville, is undertaking a comprehensive review of its $84 million pension plan, said Joe M. Padavan, trustee. Manager changes are expected when the results of the review are presented at the pension boards Feb. 7 meeting, Mr. Padavan said. The plans asset allocation is 70% equity and 30% fixed income.
Yanni Partners, the plans new consultant, is conducting the review. Plan officials replaced Prudential, the previous consultant, because of a difference of opinion about investment strategy, he said.