Lovelace Health Systems, Albuquerque, N.M., is adding seven investment options to both its $52 million physicians 401(k)/profit-sharing plan and $53 million employees 401(k) profit-sharing plan, said Brenda Turner, director of compensation and benefits.
The plans, which share a majority of investment options, added the Acorn Fund, Strong Advisor Small-Cap Value Fund, Cigna Core Enhanced Bond Fund and four Vanguard Lifestyle funds. Both plans increased their investment options to 29 from 22 to fill gaps in their investment lineups, she said. Milliman & Robertson is record keeper and Charles Schwab is trustee for the physicians plan; Cigna is record keeper and trustee for the employees plan. Administration for both plans is handled internally.