NIxon Peabody LLP, Rochester, N.Y., hired Fidelity as bundled provider of its 401(k) and 401(k)/profit-sharing plans, which have combined assets of $240 million, said Donna Frank, benefits manager. Fidelity replaced Northern Trust. Plan officials thought it was "a good opportunity" to launch a search when Hewitt Associates acquired Northern Trust Retirement Consulting in June, Ms. Frank said. Hewitt was invited to rebid, but did not submit a proposal. Prime, Buchholz assisted.
The plans mirror each other and offer 18 investment options.