Budd Co., Troy, Mich., plans to review its $75 million 401(k) plan because of concern about the performance of some Fidelity-managed investment options, said E.D. Wolf, employee relations counsel and chairman-trust investment committee.
``We are concerned about underperformance,'' he said, particularly about the Fidelity Magellan fund and the Fidelity Asset Manager fund.
The plan offers 10 investment options, all from Fidelity. The plan will do the review internally later this month. He said the plan may consider changing the investment provider.
Fidelity officials couldn't be reached for comment.
