Hospira Inc., Lake Forest, Ill., hired T. Rowe Price Group as record keeper for its 401(k) Retirement Savings Plan and two other savings plans, according to an 8-K filing with the SEC.
T. Rowe Price takes over for J.P. Morgan Retirement Plan Services, according to the filing. A blackout period for participants will run from June 22 to July 13.
The record-keeping services are for the 401(k) Retirement Savings Plan, Puerto Rico Retirement Savings Plan and Non-Qualified Savings and Investment Plan.
The plans had a combined $1.1 billion in assets as of Dec. 31, 2010, according to Hospira's latest Form 5500 filing.
A telephone call to Thomas Werner, Hospira senior vice president, finance, and CFO, was directed to the company's media relations department, which did not respond by press time with additional information.