America West Holdings Corp., Phoenix, might add a TIPS fund as an investment option to its $435 million 401(k)/profit-sharing plan, said Janice Ashley, senior director of benefits and compensation. Trustees think Treasury inflation protected securities could "add to the spectrum" of the plan's current lineup, Ms. Ashley said. They will continue to discuss the move in August, but further details about a potential search have not been determined. Any change would take effect Jan. 1, she said.
Separately, plan officials will drop are the Baron Asset and Fidelity Asset Manager, Asset Manager Growth, Asset Manager Income and Aggressive Growth funds, which were frozen to new contributions in 2002, Ms. Ashley said. Those investment options were replaced at the time, and officials are now concerned that the plan offers too many investment options, she said.
Plan officials also put the Fidelity Magellan fund on watch, Ms. Ashley said. Trustees are concerned about fund performance over the last 12 to 18 months, although recently it has improved, she said. Fidelity officials did not return a call seeking comment.
The plan now offers 23 investment options.
