Manitowoc Co. Inc., Manitowoc, Wis., hired M&I as record keeper and trustee of its $282 million 401(k)/profit-sharing plan, said Deb Casper, payroll and pension manager. M&I replaced Associated Bank, which was allowed to rebid. Plan officials wanted a larger firm to serve its employees across the country, Ms. Casper said.
Separately, plan officials are monitoring the Janus Growth and Income and One Group Midcap Growth funds, Ms. Casper said, because of investigations into the firms' trading practices. No deadline has been set for a decision on termination.
The plan offers 14 investment options. Alpha Investment Consulting assisted.
