NU Online News Service, Nov. 8, 2004, 4:20 p.m. EST
Amalgamated Sugar Company L.L.C., Boise, Idaho, has hired a unit of Prudential Financial Inc., Newark, N.J., to manage its retirement plans.[@@]
Prudential will be administering defined benefit and 401(k) plans with 2,000 participants and $130 million in assets.
Amalgamated, a grower-owned cooperative, previously managed its own defined benefit plan and hired separate actuarial and trustee organizations to manage the 401(k) plans.