Bradlees Inc., Braintree, Mass., hired MFS Institutional to manage about $10 million in large-cap equity growth for its $68 million defined benefit plan, said Bradlees Treasurer Gary Jones. New England Pension Consultants assisted.
The Carroll Co., Dallas, added the American Century Real Estate Fund as an investment choice in its $2.5 million 401(k) plan. Peter Laurea, controller, said the real estate fund, which invests primarily in REITs, brings the total investment offerings to 15 at Carroll. He said the fund was added to provide participants with additional diversification and the potential for long-term returns from real estate.