Delta Air Lines Inc., Atlanta, hired Fidelity Institutional Retirement Services as record keeper and trustee for its new defined contribution plan for pilots, said Benet Wilson, spokeswoman for the airline. Fidelity is also the custodian for the pilots' frozen defined benefit plan. Delta's defined benefit plans have combined assets of $6.8 billion, according to the airline's annual report. Information on assets in the new defined contribution plan is not yet available. Karen Miller, spokeswoman for the Delta pilots' Master Executive Council, said Delta is "still working through" getting the new plan finalized.
Pilots voted in November to ratify an agreement that, among other things, allowed Delta to freeze the pension plan Dec. 31 and begin the new defined contribution plan Jan. 1.
Jenny Engle, Fidelity spokeswoman, said the firm does not comment on individual client matters.
