Searches and Hires

Energy Trust of Oregon picks 2 to administer DC plans

Energy Trust of Oregon Inc., Portland, Ore., hired Cable Hill Partners and Principal Financial Group as third-party administrators for its three defined contribution plans, spokeswoman Becky Engel said in an email.

The trust issued a request for qualifications in October for a firm or firms to provide "high-performing investment options for employees, robust and efficient plan administration, responsive and professional customer service, financial advice and suitable education, long-term stability and reasonable plan expenses," according to the RFQ. The incumbent provider was The Standard.

Ms. Engel would not provide information on finalists or whether The Standard rebid for the services.

The plans are a 401(k) plan and two supplemental executive plans, and have a combined $13 million in assets.