Brown & Sharpe Manufacturing Co., North Kingstown, R.I., hired Putnam...

Brown & Sharpe Manufacturing Co., North Kingstown, R.I., hired Putnam Investments to provide bundled services for its $30 million 401(k) plan. The new plan will offer five Putnam-managed options and company stock. Putnam also will administer the company's employee stock ownership plan. The company previously used an unbundled approach with trust services from Fleet Bank, NYL Benefits for monthly valued record keeping, and three investment options from various managers, in addition to company stock.