Playtex Products Inc., Westport, Conn., hired Merrill Lynch Group Employee Services as bundled service provider for its $100 million 401(k)/profit-sharing plan, said Don David, benefits manager at Playtex.
Seven investment options will be offered - five from Merrill Lynch plus the Aim Constellation and Templeton Foreign funds.
Merrill also will provide daily valued record keeping, administration and employee communications.
The plan had previously two options, an internally managed GIC fund and an equity option that split its assets between the Fidelity Magellan and Vanguard Windsor II funds. Record keeping had been internal.
