Life Care Centers of America, Cleveland, Tenn., hired Scudder Defined...

Life Care Centers of America, Cleveland, Tenn., hired Scudder Defined Contribution Services to invest and administer its $45 million 401(k) plan, confirmed Cathy Slaton, 401(k) administrator. The plan’s 8,000 employees will have six mutual fund options from Scudder: stable value; growth & income; large company growth; small company value; stock index; and international. They also have Janus Balanced and INVESCO Select Income. Life Care Centers previously used Buck Consultants as its record keeper and chose its own investments, she said.