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Co-Op Consolidates $130 Million In Retirement Assets

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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.


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