Gartner Inc., Stamford, Conn., will hold off on dropping the Fidelity Overseas fund as an investment option in its 401(k) plan and might replace the Fidelity Retirement Money Market fund with a new stable value option, said Kevin Feeney, senior director for stock equity and retirement plans. Officials for the $169 million plan have been unhappy with performance of the Overseas fund for several quarters and had decided to drop it, Mr. Feeney said, but improvement in the third quarter led officials to wait until the first quarter to see if the improvement continues. Officials also were concerned about low returns on the money market fund, Mr. Feeney said. Sarah Friedell, Fidelity spokeswoman, declined to comment.
The plan offers 23 investment options. Fidelity is bundled provider; Portfolio Evaluations is assisting.