Budget Group Inc., Lisle, Ill., hired Fidelity as bundled provider for its $80 million 401(k) plan, effective Jan. 1, said Carrie Nowakowski, manager of retirement and communications.
Fidelity will provide 11 investment options, all Fidelity funds. The plan also has a company stock option.
Fidelity replaces Bank of New York; the plan wanted a bundled provider with stronger technological capabilities, Ms. Nowakowski said.
