Van Dorn Demag Corp., Strongville, Ohio, will conduct an asset-liability study of its $19 million pension plan, said Jeffrey D. Schad, independent consultant to the plan. The study, conducted by newly hired consultant Invesmart, will be finished by the end of April. Plan officials will determine the asset allocation; it will have 19 new mutual fund investments, he said. The funds are managed by Capital Research, GE Asset, Franklin, T. Rowe Price, Liberty, Value Line, American Century, Royce, First Eagle, MFS, William Blair, Vanguard, PIMCO and Dodge & Cox.
Separately, the plan hired Reliance Trust as its custodian, Mr. Schad said. Citicorp was the previous trustee.
T. Rowe Price remains bundled provider for the companys $32 million 401(k) plan, which offers eight investment options, he said. Arnerich, Massena advises on investment options.