Jo-Ann Stores Inc., Hudson, Ohio, hired Watson Wyatt Investment...

Jo-Ann Stores Inc., Hudson, Ohio, hired Watson Wyatt Investment Consulting as the first consultant for its $52 million 401(k) plan, said Tom Williams, vice president of HR services. Watson Wyatt is helping conduct a shortlist search for a new bundled provider, Mr. Williams said. Plan officials have been unhappy with the performance of the 15 investment options offered through incumbent AMVESCAP, he said. AMVESCAP will be invited to rebid. Bill Hensel, AMVESCAP spokesman, declined comment