Marine Corps Community Services Personal & Family Readiness Division, Quantico, Va., hired American Express Retirement Services to provide semi-bundled services for its $27 million 401(k) plan, said Heidi Mauck, employee benefits program manager. The plan had been unbundled with Sansima as third-party administrator, Wachovia Bank as trustee and Merrill Lynch providing the investments, she said. The change was made to save costs and provide daily valuation.
The plan expanded its investment options to 12 from six.
