Cummins Intermountain Inc., Salt Lake City, hired Putnam Investments to provide full services including money management, record keeping and some education to its $8 million 401(k) plan, said Frank Spilker, CFO and vice president of finance. Retirement Consulting Group will conduct educational seminars and offer one-on-one education consulting to plan participants, Mr. Spilker said. Beginning April 1, Putnam will supply the plans eight investment options, which are: Putnam Stable Value; George Putnam Fund of Boston; Putnam International Growth; Putnam Income; Putnam Growth and Income; Putnam Investors; Putnam New Opportunity; and a small-cap to midcap equity fund. Putnam replaces a number of service providers, including Mass Mutual Life Insurance and former record keeper Pensions Source. Cummins also omitted the Fidelity Retirement Growth Fund and Dreyfus GINNIE MAE fund from the 401(k) plan, he said. Putnam also agreed to handle loans from participants 401(k) accounts at no additional cost. Also under consideration is the possible collapse of the companys $4 million defined benefit plan into its 401(k) plan, Mr. Spilker said. But that idea has been under consideration for two years and finance staff have yet to determine whether to recommend the action to the board of directors, he added.