Nine West Group Inc., Stamford, Conn. hired Putnam Investments to provide fully bundled services for a $35 million 401(k) plan, said Susan Moley, benefits manager.
The plan is being formed by consolidating two others. Putnam will manage six investment options and provide daily valued record keeping, trust and administration and communications and investment education. Coopers & Lybrand and Deloitte & Touche had been record keepers for the old plans. Each plan had offered several investment options from multiple managers
