Ipsen International Inc., Cherry Valley, Ill., added the American Funds Intermediate Bond and Washington Mutual Income & Growth funds as investment options in its $10 million 401(k) plan for office employees and its $3 million 401(k) plan for union employees, said Jeanne Herring, plan administrator. The plans, which mirror each other, did not offer an intermediate-term bond fund, and the Washington Mutual fund is the third growth and income option in the lineup, but the first from that manager, she said. The plans offer eight investment options, she said.
American Funds is investment provider; BISYS is record keeper. Consultant Legg Mason assisted.