Whayne Supply Co., Louisville, Ky., hired Transamerica Retirement Solutions as bundled provider for its three 401(k) plans, confirmed Joseph Yoerg, vice president and chief financial officer.
Transamerica replaces PNC Bank for the Whayne plan and ING U.S. Retirement Services for two other plans Whayne oversees — Cecil I. Walker Machinery Co. and Sitech Mid-South. The three plans had about $233 million in combined assets as of Dec. 31, 2012.
Mr. Yoerg said it had been about 10 years since the company had last issued an RFP. USI Consulting assisted with the search.