Tahoe Forest Hospital District, Truckee, Calif., hired Fidelity Institutional Tax-Exempt Services as bundled provider for its $6 million money purchase plan and $9 million 457 plan, effective Nov. 1. Other finalists in the search were Great-West Life, Standard Insurance and Union Bank of California.
Fidelity will replace Diversified Investment Advisors as bundled provider for its 457 plan, and Invesmart, Charles Schwab and New York Life as service providers for its money purchase plan.
A single provider was selected to achieve economies of scale, according to consultant Schultz Collins.
