MG North America Holdings Inc., New York, plans to search for managers for its new $43 million master trust, said Ingrid Krinke, senior vice president-human resources. They will begin after the company hires a consultant and custodian, which officials will select March 10. Ms. Krinke declined to identify the custodians and consultants under consideration. The master trust was created from the merger of three active and four frozen defined benefit plans for MG’s U.S. subsidiaries.
Separately, the company hired Fidelity as bundled provider of its newly consolidated $110 million 401(k) plan, which offers 18 investment options. The company combined its 19 subsidiary 401(k) plans Jan. 1. It did not use a consultant.
