Starlo Fashions Inc., New York, hired Diversified Investment Advisors as bundled provider for its $15 million 401(k) plan and added a mutual fund window as its eighth investment option, said Stephen Levine, comptroller. The options, all new, are managed by Diversified; and the mutual fund window is through Schwab.
Nationwide was the previous bundled provider. "We switched because of money management fees. It was not necessarily less expensive for the company, but it was less costly for the employees, Mr. Levine said.