Bergen Brunswig Corp., Orange, Calif., is considering adding several funds to its $200 million 401(k) plan, said Rob Jacobson, cash manager.
It is looking at adding a domestic fixed-income or a global fixed-income fund and also lifestyle funds that blend stocks and bonds in various risk levels from conservative to aggressive.
The company is talking with consultants to get ideas about which funds to add, Mr. Jacobson said.
The 401(k) plan now has 11 investment choices managed by five investment managers. The company hopes to make a decision in six to 12 months, Mr. Jacobson said. St. Joseph Health System, Orange, Calif., may be adding an S&P 500 index fund and a socially responsible investment fund to its defined contribution plan, said Dave Schinderle, treasurer.
Officials are considering Vanguard for the index option and the Domini 400 Fund managed by Mellon Equity.
The fund has more than $100 million in assets and five options. A decision is expected later this year.
Dravo Corp., Pittsburgh, hopes to restructure its $10 million 401(k) plan, said David L. Schneider, director-risk management and pension investments.
The Dravo plan currently uses PNC Bank and CIGNA as investment managers. PNC also is the trustee and record keeper for the plan. The company expects to move the plan, which is for hourly employees, to Vanguard, hiring it to provide all services from investing to record keeping, Mr. Schneider said.
Dravo has a $25 million salaried plan now with Vanguard.
Mr. Schneider said the company hopes to make a decision by the end of the year.
