Calsonic Kansei North America Inc., Shelbyville, Tenn., hired...

Calsonic Kansei North America Inc., Shelbyville, Tenn., hired Diversified Investment Advisors as bundled provider of its $67 million 401(k) plan, replacing Putnam Investments, according to Robert Masteller, director of human resources. The change was made because of the market-timing and trading abuse accusations against Putnam, Mr. Masteller said. Putnam spokeswoman Laura McNamara said: "We're disappointed about their decision but hope that we have the opportunity to manage money for them again in the future."