Thomas K. Witt, most recently director of benefit fund investments at Vought Aircraft Corp., was hired by H.E. Butt Grocery Co. as director of investment and retirement plans. Mr. Witt's first order of business will be restructuring the $500 million 401(k) plan, including adding investment choices and starting a participant education program. The company hired Callan Associates to assist. The fund now has one investment option, a balanced pool run by several managers, he said.
The company has no defined benefit plan