KPMG Consulting, McLean, Va., hired Financial Engines to provide investment advice for its $280 million 401(k) plan, said Rob Paczkowski, company spokesman. Financial Engines is the first adviser hired by KPMG.
Separately, the plan added nine investment options. They are: Franklin Small-to Mid-Cap Growth and Balanced; Merrill Lynch Fundamental Growth and Small Cap Value; Oppenheimer International Growth and Global; PIMCO Total Return; and Lord Abbett Affiliated funds, as well as a self-directed brokerage account from Merrill Lynch, he said. Phased out were: Merrill Lynch Institutional; MFS Bond and Emerging Growth; Lord Abbett Developing Growth; and the Munder NetNet Fund.
Merrill Lynch is semi-bundled provider.
