PASADENA, Calif. -- Jacobs Engineering Group Inc., which last year completed a merger with Sverdrup Corp., expects to complete the merger of the companies' 401(k) plans in August.
Vanguard, which was bundled provider for the $490 million Jacobs plan before the merger, was selected to provide the same services for the new 401(k) plan, which will have close to $1 billion in assets, said Diane Hoffman, manager, employee benefits, corporate human resources.
The plan's 13 options will be: Vanguard Prime Money Market, Retirement Savings Trust, Total Bond Market Index, Index Asset Allocation, Index 500, Prime Capitalization, Growth and Income, Midcap Index and Windsor funds; Janus Twenty and Overseas funds; Van Kampen Emerging Growth fund; and RS Emerging Growth.
