International Longshore and Warehouse Union and the Pacific Maritime...

International Longshore and Warehouse Union and the Pacific Maritime Association, San Francisco, hired Fidelity as semibundled provider for the ILWU $385 million 401(k) plan, said Michael Wechsler, CFO and senior vice president, Pacific Maritime Association, the employer group for the union. The plan’s investment options were expanded to 16 from 11. The union kept five funds, managed by Berger, Dresdner RCM, Oakmark, PIMCO and Washington Mutual; and mapped the remaining assets to Fidelity funds and the Baron Growth Fund. Former provider MetLife left the large defined contribution plan business last year.