Northwest Packing Co., Vancouver, Wash., hired Columbia Management as the semi-bundled provider for its $6 million union and non-union 401(k) plans, according to William Scott, CFO.
Columbia is managing all 11 investment options. It is also providing the education, communication and record keeping through an arrangement with third-party administrator, Doherty, Petroff and Associates. The funds are: Columbia Common Stock; Columbia Growth; Columbia International Stock; Columbia Special; Columbia Small Cap; Columbia Real Estate Equity; Columbia Balanced; Columbia U.S. Government Securities; Columbia Fixed Income Securities; Columbia High Yield; and Columbia Daily Income Company.Before the switch, Northwest Packing had administered the plans in-house and offered only four funds, also managed by Columbia. Those four funds were money market, bond, balanced and growth, Mr. Scott said.