Municipality of Anchorage (Alaska) 401(k) Plan hired T. Rowe Price as its bundled provider, effective November, when the $34 million plan will replace its current lineup of investment options with T. Rowe Price funds. PFPC is record keeper and administrator; Pacific Century is trustee and stable-value fund manager; and Vanguard offers five of the fund’s six investment options.
The switch is being made to provide participants with daily valuation and transfer capabilities, said Susan Lindemuth, manager of records and benefits.
