Akin Gump Strauss Hauer Feld LLP, Washington, hired CitiStreet as bundled provider for its $120 million 401(k)/profit-sharing plan and Chicago Consulting Actuaries as actuary for its $13 million pension plan, said Chris Chastain, retirement benefits coordinator. Leggette & Co. was the 401(k) plan record keeper and pension plan actuary, Mr. Chastain said, and Schwab was custodian for the 401(k) plan. The 401(k) plan now offers 13 investment options, down from 16.
Benefits officials wanted to give participants access to accounts in both plans through the same online system, Mr. Chastain said; Chicago Consulting Actuaries is affiliated with CitiStreet. Smith Barney advised.