STMicroelectronics, Phoenix, added 10 investment options to its $200 million 401(k)/profit-sharing plan, said Laura Smith, director of compensation and benefits. They were: the Fidelity Equity Income, Low Priced Stock, Blue Chip Growth, Midcap Stock and Balanced funds; Vanguard Value Index, Midcap Index and Growth Index; Oakmark Select; and PBHG Strategic Small Company funds. The plan also dropped the INVESCO High Yield Bond fund, she said.
The plan now has 25 investment options, up from 16, she said. Fidelity is bundled provider; no consultant was used.