Building Service 32BJ Supplemental Retirement Savings Plan, New York, hired Vanguard Group as record keeper, said Regine Breton, director, retirement services.
The current record keeper is Mercer. Whether Mercer rebid could not be learned by press time. The change will be effective in early July, said a letter to employers posted on the union’s benefits website. Ms. Breton would not provide further information.
As of June 30, 2015, the plan had $1.2 billion in assets, according to the plan’s most recent Form 5500 filing.