Maine State Deferred Compensation Plan, Augusta, is adding eight funds as investment options in the $188 million 457 plan, said Terry Meehan, plan administrator. The new funds are: Calvert New Vision Small Cap; Lord Abbett MidCap Value; Franklin Mutual Discovery; Alger Aggressive Growth; Oppenheimer Global Securities; and ING Van Kampen Comstock, Baron Small Cap Growth and International Valuefunds.
The plan is dropping the Janus Worldwide, Aspen Midcap Growth and Aspen Worldwide funds; the ING Value Opportunity, Small-Cap Opportunities and International funds; and the MFS Capital Opportunities and Dreyfus Premier Third Century funds. Those funds had been on watch for over a year, Mr. Meehan said, and were dropped for performance.
Hartford, ING Financial and VALIC Retirement are the three providers; each offers 17 investment options. Mellon advised.
