DaimlerChrysler Corp.’s Market Center will offer a bundled 401(k) program by Merrill Lynch Retirement Group to the Auburn Hills, Mich., automaker’s 4,300 dealers, said Brad Remer, supplier development at the market center. Merrill Lynch is record keeper and plan administrator for the program, which offers investment options from both Merrill Lynch and outside managers, Mr. Remer said. Fund selection is up to each dealership that chooses to offer the plan to its participants — the market center arranges product and service contracts with outside vendors for dealerships.
Merrill Lynch is the semi-bundled provider of DaimlerChrysler’s $4.3 billion 401(k) plan.
