Applied Systems Inc., University Park, Ill., hired MassMutual Retirement Services as bundled provider for its $17.5 million 401(k) plan and revamped its investment options, said Tim Hillenbrand, benefits coordinator.
The new lineup of investment fund options is: Oppenheimer Funds high-yield bonds and international equity; David L. Babson core equity, small-cap equity and GIC; MassMutual growth equity, subadvised by MFS Investment Management; MassMutual midcap growth, subadvised by Miller Andersen & Sherrerd; MassMutual small-cap growth, subadvised by J.P. Morgan and Waddell & Reed; MassMutual S&P 500 index; four MassMutual lifestyle asset allocation funds; and a State Street Global Advisors self-directed brokerage account.
First Midwest had been the plan’s record keeper, and it used the AIM family of mutual funds.
