Cardinal Health chooses Wells Fargo as record keeper

Cardinal Health Inc., Dublin, Ohio, hired Wells Fargo Institutional Retirement and Trust as record keeper for its 401(k) plan, confirmed spokeswoman Corey Kerr.

The original contract of the previous record keeper, Fidelity Investments, had expired and the firm was on a year-by-year extension, according to Ms. Kerr.

An RFP was issued earlier this year. Fidelity was invited to rebid and was a finalist along with Aon Hewitt.

A blackout period will run from 4 p.m. EDT Oct. 5 to the week of Oct. 28.

The Cardinal Health 401(k) Savings Plan had $1.8 billion in assets as of Dec. 31, according to the firm's most recent 11-K filing.