Autodesk Inc., San Rafael, Calif., might replace the Fidelity Aggressive Growth and Vanguard U.S. Growth funds as investment options in its $165 million 401(k) plan, said Kathy Guthormsen, senior manager, risk and benefits. The two funds have been on watch for more than a year because of performance, she said. The plan's 27 investment options are being reviewed by Mercer Investment Consulting, recently hired as its first investment consultant. A decision on the two fund options could be made in the second quarter, Ms. Guthormsen. 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.