Searches and Hires

Pace Suburban Bus Service rides with Empower as new 401(k) plan record keeper

Pace Suburban Bus Service, Arlington Heights, Ill., hired Empower Retirement as provider for its $173 million Regional Transportation Authority 401(k) Plan, said an award announcement's on Pace's website.

An RFP for a record keeper was issued last year. The reason for the search and whether incumbent provider Principal Financial Group rebid could not immediately be learned.

A procurement official could not immediately provide additional information.