Minster Machine Co., Minster, Ohio, hired T. Rowe Price as bundled provider of its $20 million 401(k) plan, said Steve Kill, vice president-human resources. Previous provider Deutsche Asset was terminated because plan officials had been unhappy with the investment performance of its Scudder mutual funds, Mr. Kill said. The plan will now offer 20 investment options, up from 12, and will add a self-directed brokerage window, he said.
"While we're sorry to lose any valued client, we remain confident in the quality of our product," said Christy Pollak, Deutsche Asset spokeswoman.