Deseret Mutual Benefit Administrators, Salt Lake City, hired Great-West Retirement Services as record keeper of its thrift plan, transition materials provided by Deseret show.
The plan, which has a 401(k), Roth 401(k) and 401(a) option, had $2.2 billion in assets and 14 investment options as of Dec. 31, 2012, according to its most recent Form 5500 filing.
Great-West replaces Charles Schwab.
Deseret is changing record keepers because of Charles Schwab’s decision to “no longer support the record-keeping system we currently use,” said the transition materials.
The blackout period for participants started June 20 and is expected to end July 31.
Neither Scott Eastmond, general counsel, nor Maria Christensen, spokeswoman, could be reached for additional information by press time.
