Louisville Bedding Co., Louisville, Ky., hired Fidelity as bundled provider for its $14.5 million 401(k) plan, said Lynn Way, manager-compensation and benefits. Fidelity will offer 12 options. The plan also will switch to daily from quarterly valuations, she said. The changes will take place in October.
Fifth Third provides the plans four investment options. ADP Retirement Services is trustee, and administration is handled internally. The bundled approach reduces cost, she said.