IMG, Cleveland, hired Vanguard as bundled provider for its 401(k) plan, said Kelli Foster, employee benefits administrator. Findley Davies was the plans investment provider and record keeper, and Charles Schwab was trustee. Vanguard was chosen because it offers additional services including online investment advice. The plan will offer 10 investment options, down from 18, she said. Highland Consulting advised.
The plan has $47 million in assets, according to the Money Market Directory.