AMC Entertainment Inc., Kansas City, Mo., hired New York Life Retirement Plan Services to provide total retirement outsourcing services for its defined contribution and defined benefit plans, confirmed spokesman Ryan Noonan.
The defined contribution plans are expected to transition to New York Life in August, with the company's frozen defined benefit pension plan expected to follow shortly thereafter.
Mr. Noonan would not provide further information.
The company was bought by Chinese firm Dalian Wanda Group Co. Ltd. for $2.6 billion in September.
According to the company's most recent 10-K filing prior to the purchase, the company's defined benefit pension plan had assets of $64 million as of March 29, 2012. The plan was frozen effective Jan. 1, 2009.
The American Multi-Cinema Inc. 401(k) Savings Plan had $92 million in assets as of Dec. 31, 2011, according to the firm's most recent Form 5500 filing.
Leesa Hicks, senior coordinator — benefits, referred questions to Mr. Noonan. Keith P. Wiedenkeller, senior vice president and chief people officer, was not available by press time.
