NORTHBROOK, Ill. -- Culligan Water Technologies in the next month will consider what changes will be made if its $70 million 401(k) plan becomes part of recent acquirer United States Filter's defined contribution plan, according to Tim Casey, director of budget and planning at Culligan.
U.S. Filter, Palm Desert, Calif., uses bundled provider Putnam Investments for its $200 million plan.
Mr. Casey said that it would not bother him to switch his company's plan to Putnam.
Culligan recently hired American Express as a semibundled provider for the plan.
As it now stands, Culligan's plan options will increase to seven from four. In addition to American Express funds, the plan will include the Janus Worldwide Fund, the Franklin Small-Cap Growth Fund and the Neuberger and Berman Focus Trust Fund.
Previously, Culligan used Bankers Trust as trustee and Watson Wyatt as record keeper.
Officials decided to drop the Fidelity Equity Income Fund and Neuberger and Berman Private Equity Fund and kept two AMEX funds. The search was done in-house.
