W.R. Berkley Corp., Greenwich, Conn., will add the Fidelity Capital Appreciation and Royce Low-Priced Stock funds as investment options in its $206 million 401(k)/profit-sharing plan, said Joseph M. Pennachio, vice president-human resources. The plan will continue to offer the Strong Adviser Small-Cap Value and Janus Mercury and Worldwide funds, but trustees wanted to add investment options because of concerns that market-timing investigations into Strong Capital and Janus Capital would make participants wary of the Strong and Janus funds, Mr. Pennachio said. Trustees will continue to monitor those funds but have no immediate plans to drop them from the lineup, he said.
Stephanie Truog, spokeswoman for Strong, said the firm does not comment on its clients. Paul Lederhos, spokesman for Janus, did not return a call seeking comment by press time.
The plan will offer 28 funds, up from 26. Fidelity is the bundled provider. The trustees worked without a consultant.