PepsiAmericas Inc., Rolling Meadows, Ill., hired Fidelity as bundled provider of its $250 million 401(k) plan, said Andrew Stark, treasurer. He said 401(k) services had been unbundled, but declined to identify the previous vendors. Plan officials felt more services were available through a bundled provider, he said. The plan now offers 16 investment options, plus a mutual fund window through Fidelity and a self-directed brokerage account, he said. Previously the plan had eight investment options, he said. No consultant was used.
Northern Trust Global Investments was trustee and custodian, and CitiStreet was record keeper, according to the Money Market Directory.
