Autodesk Inc., San Rafael, Calif., hired Mercer Investment Consulting as the $165 million 401(k) plan's first investment consultant, said Kathy Guthormsen, senior manager, risk and benefits. Mercer will review the plan's 27 investment options and might suggest replacing the Fidelity Aggressive Growth and Vanguard U.S. Growth funds, which have been on watch for over a year for performance, Ms. Guthormsen said. That decision could be made in the second quarter, she added. Vanguard is the bundled provider.
"Vanguard and its board of directors have been monitoring the U.S. Growth fund closely and will continue to do so," said John Demming, Vanguard spokesman. Sarah Friedell, Fidelity spokeswoman, declined comment.