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Distributor Chooses DB Plan Recordkeeper

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CB Fleet Company Inc. has hired an outside firm to help run its defined benefit pension program.

CB Fleet, Lynchburg, Va., a health and beauty product distributor, has selected Principal Financial Group Inc., Des Moines, Iowa, to handle recordkeeping services for the pension plan.

CB Fleet also has picked a registered investment advisor affiliated with Principal to help it allocate plan assets, Principal says.