The Dallas Stars Hockey Club will move to bundled service for its $500,000 401(k) plan April 1. Merrill Lynch will provide all services, including six investment options. The plan covers staff, not players.
Therese Baird, the club's controller, said the Stars inherited the plan's previous bundled provider, American National Bank, when the team moved from Minnesota three years ago.
The club's administration has been looking to award the management of the 401(k) plan to one of the team's corporate sponsors; Merrill Lynch is one.
Consultant Dunning Benefits assisted with vendor evaluation.