Fluor Corp., Aliso Viejo, Calif., added four index funds managed by Deutsche Bank and a mutual fund window from Hewitt to its combined $2 billion 401(k) and profit-sharing plans, said Lisa Higa, senior director of trust investments.
Deutsche is trustee for the consolidated trust, which also contains Fluors $300 million defined benefit plan, Ms. Higa said. The new investment options expand Fluors defined contribution plans to a four-tier structure, from two. The new third tier has four index fund options; the fourth has the mutual fund window.
The existing second tier contains seven unitized funds run by 15 managers from Fluors defined benefit plan, and the first tier has three asset allocation portfolios containing the second-tier funds.