Computer Task Group Inc., Buffalo, N.Y., hired MFS Retirement Services as bundled provider of its $105 million 401(k) plan, said Rosemarie Weinstein, director of benefits. Fidelity was the previous bundled provider; Ms. Weinstein said the company wanted to use MFS' partnership with McDonald Financial Group to offer investment advice to participants. The plan also "had a lot of duplication in its fund lineup" and received little assistance from Fidelity in making changes; also, Fidelity's education and communications with plan participants was not individualized to the particular company's needs, Ms. Weinstein said.
Jenny Engle, Fidelity spokeswoman, was unable to provide a comment from Fidelity by press time.
