Godiva Chocolatier, New York, hired MassMutual as record keeper and bundled plan services provider for its 401(k) plan and non-qualified retirement plan, confirmed Debbie Maher, Godiva’s vice president of global compensation benefits.
Incumbent Fidelity Investments was invited to rebid, Ms. Maher said in a telephone interview. She said Godiva puts the mandate out to bid every few years to see what is available in the market.
She declined to disclose the asset size of either plan.
Investment consultant Centurion Group assisted with the RFP search.
“MassMutual’s participant communication capabilities and plan eligibility expertise were among the primary reasons for our selection,” Ms. Maher said in a MassMutual news release.