Computer security software maker Symantec Corp. has appointed Putnam Investments for record keeping of its two defined contribution (DC) plans, Pensions & Investments reports. Putnam investment is a privately owned investment management firm founded by George Putnam.
As of December 31, the 401(k) plan of the California-based company had $775.2 million in assets and a smaller Symantec Acquisition Plan with assets worth $36.5 million. The Symantec Acquisition Plan comprises retirement assets of participants who served companies that Symantec had acquired and whose 401(k) plans were terminated after the acquisitions.
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