The $35 million 401(k) plan of Kearney-National Inc., White Plains, N.Y., added four investment options from New York Life, its record keeper, and moved to a quasi-bundled daily valuation system from an unbundled monthly one. NYL will offer GICs, balanced, equity index and domestic bond funds
Previously, Bankers Trust had provided a GIC fund; Phoenix, balanced; Vanguard, S&P 500 index fund; and Benham, a bond fund. Kearney-National retained the Fidelity Contra Fund