Sears Holdings Corp., Hoffman Estates, Ill., hired Aon Hewitt as record keeper for its 401(k) Savings Plan and two other savings plans, according to an 8-K filing with the SEC.
Aon Hewitt takes over for ING Institutional Plan Services, according to the filing. A blackout period for participants will run from March 26 to April 3.
The record-keeping services are for the Sears Holdings 401(k) Savings Plan, the Sears Puerto Rico Savings Plan and the Kmart Retirement Savings Plan for Puerto Rico Employees. The three plans had a total of $3.3 billion in assets as of Dec. 31, 2010, according to Sears' latest 5500 filing.
Sears spokeswoman Kimberly Freely was not available by press time for additional comment.