Vantico Inc., Brewster, N.Y., hired MassMutual Retirement Services as semi-bundled provider for its $41 million 401(k) plan and as sole manager of its $24 million defined benefit plan, said Bruce Mullen, vice president and treasurer.
Deutsche was the investment manager for both plans, Mr. Mullen said. Merrill Lynch was the record keeper for the 401(k) plan.
"I wanted someone who would be able to bundle the services, he said. "We have a good pension plan, but most people dont appreciate it.
The defined contribution plan now has nine options plus three asset allocation funds, up from six options.