California School Employees Association, San Jose, Calif., hired Milliman USA as record keeper and administrator of its 401(k) and 457 plans, with a combined $4 million in assets, said Jerome Liebling, CFO. Milliman replaced Fortress Benefits Administrators, which Mr. Liebling said had difficulties in providing accurate data. Wendy Richie, administrator at Fortress, did not return calls seeking comment by press time.
The fund also will be adding two value stock options, raising the total investment options to 11, Mr. Liebling said.
