ATLANTA Fairmont Hotels & Resorts has selected INVESCO Retirement to be the provider and administrator of 401(k) retirement benefit services for its U.S. employees. Fairmont has more than 2,400 eligible employees.
The move by Fairmont consolidates the number of providers from three to one. INVESCO replaces CIGNA, Great West and Merrill Lynch. The current plan assets are more than $23 million with more than 1,400 participants. Plan participants are able to select from among 14 different mutual funds from AIM Funds and INVESCO Funds, both units of AMVESCAP. (1/22/01)