JM Family Enterprises Inc., Deerfield Beach, Fla., is considering a search for its first Russell 2000 index fund manager, said John Whelan, vice president. The company has $205 million in a defined contribution plan and $33 million in a defined benefit plan. The new manager will probably run about 5% of the plans total. The hiring is for diversification; funding source is still undetermined, he said. A decision is expected by October. Watson Wyatt is assisting.