North Carolinas $2.3 billion 401(k) plan is replacing most of its 10 investment options. The board added Van Kampen Equity and Income A and Growth and Income A; Vanguard Institutional Index; Capital Research Growth Fund of America and EuroPacific Growth Fund; Oppenheimer Main Street Small Cap A; Prudential Jennison Equity Opportunity Z; a large-cap blended option co-managed by Vanguard, Capital Research and Van Kampen; and a stable value portfolio managed by Prudential.
It dropped the Fidelity Balanced, Spartan Index, Magellan and Equity Income funds; Putnam New Opportunities; T. Rowe Price International Stock; and BB&T Small Company Growth, Money Market and BIC funds.
The board retained the Fidelity Intermediate Bond fund.
Prudential Retirement Services is the plans bundled provider. Bolton Partners Investment Consulting Group assisted.