Nasdaq Stock Market Inc., New York, will freeze its $32.5 million defined benefit pension plan and supplemental executive retirement plan effective May 1, according to an 8-K filing. The company will amend its existing 401(k) plan to institute qualified profit-sharing contributions based on a fixed formula and will add a new non-qualified profit-sharing plan, the Nasdaq Stock Market Inc. Supplemental Employer Retirement Contribution Plan.
The filing was first reported Tuesday afternoon on Pensions & Investments website, www.pionline.com. Bethany Sherman, Nasdaq spokeswoman, was not immediately available to provide further details.