Philadelphia Municipal Pension Fund selected the Franklin Small Cap Growth Fund I as an aggressive growth option for the city's $180 million 457 plan, and Miller Anderson & Sherrerd's MAS Fixed Income Portfolio for a bond option, said Joseph J. Herkness, executive director.
St. Mary's Hospital, Knoxville, Tenn., hired American Century as the bundled provider for its new 401(k) plan. The hospital terminated its $34 million defined benefit plan and 403(b) plan; both had been frozen. Employees will have the option of going into an annuity or rolling assets into the new plan.
University of St. Thomas endowment fund, St. Paul, Minn., hired Thomson Horstmann & Bryant to manage $13 million in U.S. equities, said Carol Peterfeso, assistant treasurer of the $150 million fund.
CORRECTION: In the item on PhyCor Inc. in the April 17 P&I Daily, the name of Northern Trust Retirement Consulting was stated incorrectly.