Hoechst Marion Roussel Inc., Kansas City, Mo., formerly Marion Merrell Dow, hired T. Rowe Price Associates to provide bundled services for its 6,000-participant 401(k) plan. Seven T. Rowe Price investment options are offered. T. Rowe Price also is providing daily valued record keeping, administrative and participant education and communication services.
The plan was previously unbundled, using monthly valued record keeping from Hewitt Associates and five investment options from different managers, said Helen Heffner, a spokeswoman for Hoechst Marion Roussel. She would not give the size of the fund