McGraw-Hill Cos. Inc.'s $640 million 401(k) and profit-sharing plan, New York, will double its investment options to 10, effective Oct. 1, said John Campbell, manager of benefit plans financing.
The firm is adding one core equity fund, Neuberger & Berman Guardian Trust, as well as an aggressive equity option equally weighted among three funds - Putnam Voyager, Kaufmann Fund and Meridian Fund.
It also will add an international option with equal weightings in two funds - Templeton Foreign and Rowe Price-Fleming International.
McGraw-Hill also will create two asset allocation funds, unitizing separate accounts in the defined contribution plan into mutual funds. The mutual funds will be managed by the same firms handling the separate accounts - Pacific Financial Research for value equities; Fayez Sarofim for growth equities; STW for fixed income; and WorldInvest for international equities.
