Crain Communications Inc., Detroit, replaced three investment options with three new funds, and added another four investment options to its $72 million profit-sharing plan. It also added a self-directed mutual fund brokerage window, for which participants will pay an annual fee, as well as transaction costs.
The plan dropped the AIM Constellation, Templeton Foreign and Fidelity Advisor Growth Opportunities funds, replacing them with the Putnam Vista Fund A, the Putnam International Growth Fund A and the MFS-Massachusetts Investors Growth Stock Fund A. It also added the Neuberger Berman Genesis Trust Fund, the MFS Value Fund A, the AIM Basic Value Fund A, and the Federated Total Return Bond Fund.
The plan retained the Franklin Small Cap Fund and the AIM Balanced Fund, as well as an S&P 500 index fund and a stable value fund, both from Comerica. Standard & Poors, the plans consultant, assisted.