Georgia-Pacific Corp., Atlanta, is expanding the investment options by 10 for its two 401(k) plans July 1. The eight existing options - all managed by Vanguard - will be retained and regrouped into three new investment tiers. All but one of the new funds will be managed by Vanguard.
The bottom tier offerings will be four Vanguard Life Strategy asset allocation funds, which range from conservative to aggressive.
The second tier includes seven core options, all from Vanguard: U.S. Treasury Money Market; Short-Term U.S. Treasury; Total Bond Market; Index Trust 500; Balanced Account; Georgia-Pacific Group Stock; and Georgia-Pacific Timber Stock. One new option was added to the tier - Vanguard Index Trust-Total Stock Market Portfolio.
The top tier contains six mutual funds. One is an existing option: Vanguard International Growth Portfolio. The other five are new, including four Vanguard funds: Vanguard/PRIMECAP Fund, Windsor II, Index Trust-Small Capitalization Stock Portfolio and the Index Trust-Extended Market Portfolio. The other new third-tier option is the Loomis Sayles Bond Fund.
The company's hourly plan has $260 million in assets and the salaried plan has $1.1 billion.
Georgia-Pacific also outsourced defined benefit plan administration to Vanguard and is contemplating using Vanguard to offer total retirement planning assistance to employees.