IBP Inc., Dakota Dunes, S.D., hired Putnam as service provider for its...

IBP Inc., Dakota Dunes, S.D., hired Putnam as service provider for its $220 million 401(k) plan, effective later this summer. The plan, currently handled in-house, selected 10 investment options to replace the five currently offered. The new options are: Putnam OTC, international, growth opportunities, S&P 500, balanced and money market funds; MAS midcap growth and midcap value funds; the Pioneer Fund; and the PIMCO Total Return fund.