Veryfine Products Inc., Littleton, Mass., hired MassMutual Retirement Services as semi-bundled provider for its 401(k) plan, said John Demers, director of human resources. MassMutual replaces All America Financial. Veryfine executives increased the plans investment options to 21 from 16 to give participants a more diverse menu of options, he said.
MassMutual also will manage a separate profit-sharing plan that is invested in company stock, he said. Mr. Demers declined to give either plans asset size.