Griffith Laboratories Inc., Alsip, Ill., wants to add midcap blended and large-cap value funds as investment options in its $28 million 401(k) plan, said Sue Corbett-Florian, payroll and benefits manager. Consultant DiMeo Schneider is creating a list of 10 funds to recommend to the plan, she said. The new options would replace the AIM Constellation and the MAS Equity funds, which are being phased out of the plan, she said. There is no deadline for the changes, she said.
The plan has 10 investment options. Chicago Trust is custodian and semi-bundled provider; Administrative Management Group is administrator. The plan handles trustee services internally.