NIBCO Inc., Elkhart, Ind., added eight funds as investment options in its $245 million 401(k)/profit-sharing plan, following an annual review, said Jeff Griffin, director of human resources. The new options are: American Express Trust Midcap Growth and Emerging Markets Growth funds; American Funds Growth Fund of America; Armada Small-Cap Value; AXP Midcap Index; Dodge & Cox Stock; Lord Abbett Midcap Value; and Morgan Stanley Institutional Fund International Equity funds, Mr. Griffin said. The plan dropped the Eclipse Midcap Value and Janus Worldwide funds, he said. The new funds were added for diversification; he declined to say why the Eclipse and Janus funds were dropped.
The plan offers 14 investment options. American Express is bundled provider; no consultant was used.