Phelps Dodge Corp., Phoenix, which acquired Cyprus Amax Minerals Corp...

Phelps Dodge Corp., Phoenix, which acquired Cyprus Amax Minerals Corp. in August, hired J.P. Morgan/American Century as bundled provider for the companies’ combined $540 million 401(k) plan. The new provider replaces T. Rowe Price, which offered 10 options as bundled provider for the Cyprus plan. It will offer six funds, three asset allocation portfolios, a Schwab self-directed brokerage account and a company stock option, said Amelia Singleterry, assistant treasurer at Phelps Dodge.