Teknor Apex Co., Pawtucket, R.I., hired Evergreen 401(k), a unit of First Union National Corp., as bundled provider of its $60 million 401(k) plan, said Edward Peter, manager of compensation, benefits and human resources information system. USI Consulting was terminated as record keeper and administrator, Mr. Peter said; the plan handled trustee services internally and did not use an external investment provider, he said. The plan now offers 12 investment options, up from 11, he said.
Salomon Smith Barney advised.
