Alfa Insurance Cos., Montgomery, Ala., hired INVESCO as a bundled provider for its $115 million 401(k) plan. Alfa made the move so the plan would be handled by one manager that could provide daily valuation. The plan had used Benefit Services as its third-party administrator and a trustee.
Plan options are: company stock; Janus Worldwide; Franklin small-cap; Dynamics Fund; Goldman Sachs core large-cap; AIM Blue Chip; and INVESCO S&P 500, Total Return, Select Income and Stable Value.
Alfa has a separate $160 million defined benefit plan, which is managed by AmSouth.