YSI Inc., Yellow Springs, Ohio, will start a shortlist search in the second quarter for a custodian for its $16 million ESOP, said Deb Stottlemyer, benefits analyst. Plan officials want to "see what's out there," Ms. Stottlemyer said; incumbent U.S. Bank can rebid.
Four or five firms will receive RFPs in May or June, she said. A selection is expected one month later. No consultant will be used.