EZCORP Inc., Austin, Texas, hired The Newport Group as bundled provider for its 401(k) plan, confirmed Thomas H. Welch, senior vice president, general counsel and secretary.
The Newport Group replaces StanCorp Financial Group. Mr. Welch said it had been awhile since the company had looked at the administration of the plan and issued an RFP to see what was out there. StanCorp rebid.
The 401(k) plan had $18.8 million in assets as of Dec. 31, 2011, according its most recent Form 5500.