Keane Inc., Boston, added the American Funds EuroPacific Growth fund as an investment option in its $285 million 401(k)/profit-sharing plan, said Beth Grew, benefits analyst. The plan already offers the Putnam International fund, but trustees wanted to give participants an alternate international option, following market-timing allegations against Putnam Investments, Ms. Grew said. The plan now offers 21 investment options. Fidelity is bundled provider; no consultant was used.
"We believe the initiatives which we have undertaken to earn back investor trust will be a benefit over the long term and will come to be recognized by investors," said Laura McNamara, Putnam spokeswoman.