The Excelsior Funds, the mutual funds advised by United States Trust Co. of New York, selected Federated Services Co.'s subsidiaries to provide 401(k) record keeping, marketing and administration. In turn, Federated will be offering Excelsior funds as an investment option in its 401(k) products.
The Excelsior Funds have $5 billion in assets in 31 long-term funds and four money market funds.
