Jones Lang Wootton USA, New York, hired Twentieth Century Mutual Funds and Benham Group to provide bundled services to its $9 million 401(k) plan.
As of Jan. 1, participants will be able to invest in 11 mutual funds, all managed by Twentieth Century and Benham. Full-service, daily valued record keeping, administration, trust services and employee communication and investment education will be included. Jones Lang Wootton now uses an unbundled approach with 10 investment options available through Nationwide Insurance and the New England.
Record keeping is quarterly, provided by Lamon Agency.