Ziegler Cos., Milwaukee, hired Emplanet as administrator and record keeper for its $32 million 401(k) plan, said Larry Myrold, vice president of retirement plan services. Diversified Investments was the semibundled provider. The plan now has 24 investment options, including seven of Ziegler’s proprietary North Track funds, and the remainder through outside providers including Federated, Van Kampen and AIM.
Ziegler executives also added a loan feature, shortened the graded vesting schedule to five years from six years, and increased the maximum salary deferral to 15% from 6%, Mr. Myrold said.