Coffee Regional Medical Center Inc., Douglas, Ga., hired Fidelity...

Coffee Regional Medical Center Inc., Douglas, Ga., hired Fidelity Investments for its new 401(k) plan, said Don Lewis, vice president and CFO. Coffee Regional also has a $10 million defined benefit plan, which has been frozen while executives at the non-profit acute care facility consider whether to liquidate it. If so, participants would be able to roll over the money into the 401(k) plan, Mr. Lewis said. About 60% of Coffee Regional’s 500 eligible employees currently are participating in the 401(k) plan, which has 11 investment options, including five lifestyle portfolios called Fidelity’s Freedom funds, he said. The employer match is on a sliding scale, depending on the employee’s contribution, with a maximum match of 5% for a 5% employee contribution, he said.