Mason City Clinic, Mason City, Iowa, in July will begin an asset allocation study of its $10 million money purchase plan and a review of the investment options offered by its $36 million 401(k)/profit-sharing plan, said Kathy McGee, controller. Changes to managers and plan options may result when the study is finished in August, she said. The search is being conducted internally; no external consultant is advising. Fringe Benefits Design is semi-bundled provider, record keeper and administrator for the plan, which offers 11 options; it is self-trusteed.
The plan will not use a consultant to advise on the study.