Ethan Allen Inc., Danbury, Conn., added six options to its $60 million profit-sharing and 401(k) plan, said James P. Kotowski, director of retirement and insurance programs. The fund now has 11 options.
Five of the new options come from Twentieth Century, Ethan Allen's bundled service provider. They are three asset allocation funds and Twentieth Century's Vista Investors and Value funds. The other new option is a self-directed brokerage account from Charles Schwab.
In addition, the employer matching contribution was increased to 50 cents for every dollar of participant contributions up to $800 in participant deferrals. Previously, the company match was up to only $200.