AGL Resources Inc., Atlanta, is merging two of its 401(k) plans and hiring Bank of America Merrill Lynch as record keeper for the combined plan, as well as a third 401(k) plan, confirmed spokeswoman Annette Martinez.
The AGL Resources Inc. Retirement Savings Plus Plan and the Nicor Cos. Savings Investment Plan will merge effective June 28. The third plan is the Nicor Gas Thrift Plan.
Vanguard Group was record keeper for the Nicor plans; Bank of America Merrill Lynch was the incumbent for the AGL plan.
A blackout period for participants will begin at 4 p.m. EDT on June 21 and end on July 11.
According to the company's most recent 11-K filings, the AGL Resources Inc. Retirement Savings Plus Plan had $309 million in assets, the Nicor Cos. Savings Investment Plan had $196 million in assets and the Nicor Gas Thrift Plan had $151 million in assets, all as of Dec. 31, 2011.
