Church of the Brethren Pension Plan, Elgin, Ill., hired Great-West Retirement Services as record keeper, according to an announcement on the website of the Church of the Brethren Benefit Trust.
The 403(b) defined contribution plan elected to outsource the record-keeping duties to “offer members increased technology services, daily valuation of accounts, online calculators, and more,” according to the announcement. The administration, oversight and investment of the plan are still handled by the benefit trust.
There is a blackout period that began May 23 and will end June 27. The plan had about $286 million in assets as of Dec. 31, 2011, the most recent information available.
The plan has 16 investment options.
Scott Douglas, director of plan and employee financial services at the benefit trust, did not return a telephone call by press time.