Plumbers and Steamfitters Local 43, Chattanooga, Tenn., hired Administrative Services as third-party administrator for the union's $79 million pension plan, said Jim Collins, business manager. Previous administrator Zenith Administrators, hired by the plan in January, was taking too long to get "up and running," Mr. Collins said. The pension plan issued an RFP in the second quarter.
Bill Rhodes, president of Zenith, said "politics is the issue," rather than performance. "There are two sides to every story," he said, declining additional comment.