Fort Dearborn Co., Niles, Ill., hired Strong Retirement Plan Services as bundled provider of its $21 million 401(k)/profit-sharing plan, said William C. Samuels, human resources director. Previous bundled provider Transamerica had rebid, he said. Investment options increased to 12, from seven, he said. Grey Investment Planning advised.
David Shute, vice president with Transamerica, said the firm enjoyed a relationship with Fort Dearborn for the past 22 years and regrets losing its business.