HIRINGS
Sharp Electronics Corp., Mahwah, N.J., hired American Express Institutional Services to provide quasi-bundled services for its $51 million 401(k) plan. Six investment options will be offered: an AIM equity fund and an international equity fund from Templeton along with four funds managed by American Express.
American Express also is providing daily valued record keeping, trust and administration, employee education and communications and an automated voice-response system. The company previously used an unbundled approach, with quarterly valued record keeping from Buck Consultants and four investment options managed by Equitable, said Raymond Kosinski, benefits manager.
