E. I. du Pont de Nemours & Co. Inc.'s $9.3 billion 401(k) retirement plan today placed a 15-day trading restriction on three of the five international funds offered to participants: Merrill Lynch International Index; Templeton Foreign; and Templeton Growth. The Wilmington, Del.-based company already had imposed the restrictions on the other two international options.
The plan also froze new investments in the Janus Mercury Fund and the Janus Enterprise Fund. Participants may keep their existing investments in those funds, but must pick alternatives for new money. If they don't, new money will be placed in a default option, a moderate asset allocation portfolio, said Tara Condon-Tullier, a spokeswoman. "We had discussions with Janus based on the (federal) investigations that are going on and at this time decided this was the best way to move forward," she said.
