Meggitt-USA Inc., Simi Valley, Calif., named Newport Capital Group and Retirement Benefits Group as finalists in its search for an investment consultant for its $592 million 401(k) plan, said Greer C. Bosworth, assistant general counsel, in an e-mail.
An RFP was issued in May as a due diligence measure. Newport Capital Group is the incumbent.
The search was conducted using InHub's eRFP tool.
A timeline for a hiring decision could not immediately be learned. Ms. Bosworth declined to provide additional information.