Tender Loving Care Health Care Services Inc., Lake Success, N.Y., hired Diversified Investment Advisors as bundled provider of its $11 million 401(k) plan, said Bernard Lipman, manager of compensation and benefits. The plan will offer 18 investment options. DIA replaced previous bundled provider Prudential Retirement Services. "We were looking for a full-service provider who would have a partnership with us. We weren't getting the services we were looking for with our previous provider," said Mr. Lipman.
Darrell Oliver, a Prudential spokesman, said the firm had no comment on the switch.
