Sunrise Senior Living Inc., McLean, Va., hired Principal Financial Group as record keeper of its 401(k) plan, according to an announcement on the plan's website.
The current record keeper is ING U.S. Retirement Solutions. The change is effective Feb. 1. The reason for the change could not be learned by press time.
As of Dec. 31, 2012, the Sunrise Senior Living Inc. Employees' 401(k) Profit Sharing Plan had $100 million in assets, according to the company's most recent Form 5500 filing.
Phone calls to Mike Rodis, senior vice president–human resources, and Sara Abriatis, spokeswoman, were not returned by press time.