Ochsner Clinic Foundation, New Orleans, added the Columbia High Yield, Fremont U.S. Micro-Cap and Morgan Stanley Institutional Small Company Growth funds as investment options for its $100 million 401(k)/profit-sharing plan, said Tracy P. Landry, manager of benefits. It dropped the Fidelity Advisor High Yield Bond fund, he said. The plan now has 18 options. Putnam is bundled provider; Post Oak Capital advised.
Separately, the foundation will combine its $106 million Ochsner Clinic pension plan with the $65 million Alton Ochsner Medical Foundation pension plan, said Mr. Landry. The two affiliated companies merged earlier this year, and company officials hope to complete the merger of the two pension plans by early next year, he said. It was not known if Post Oak or EAI, consultant for the Alton plan, will be retained as consultant for the combined plan, or if a search would be conducted. Further details were not available.
