The Terteling Co. Inc., Boise, Idaho, hired ADP Benefits Services as a bundled provider for its $54 million profit-sharing plan, offering 11 investment options, said Flinda Terteling, vice president. ADP replaces Caterpillar Investment Management, which offered six options. ADP remains record keeper. Administrative and trustee duties were handled in-house.
ADP was selected because it offers daily valuation and additional investment options, said Ms. Terteling.