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