Lance Inc., Charlotte, N.C., hired mPower to provide online investment advice to participants in its $250 million 401(k)/profit sharing plan. Employees wanted investment advice, said Greg Morris, senior director of benefits and risk management at Lance. The plan has 12 investment options, including four lifestyle funds. First Unions Benefit Services Group is the plans semibundled provider and has an alliance with mPower.
Lance is promoting online benefits communications, Mr. Morris said. This month, the company will install computer kiosks in all its U.S. plants so that participants can obtain investment advice.