Crain Communications Inc., Detroit, hired Institutional Investment Consulting as a special project consultant to conduct an invitation-only search for a record keeper for its $100 million defined contribution plan, said William A. Morrow, senior executive vice president.
Current record keeper Wells Fargo, which is contracted with Crain on an at-will basis, will be included in the search, Mr. Morrow said. Crain hired IIC for the project to invite firms to bid for the services because it had been some time since Crain had conducted a search.
Crain Communications Inc. publishes Pensions & Investments.
