Arch America Cos., Delair, N.J., hired Prudential as bundled provider for its four non-union 401(k) plans, with a total of $24 million in assets, said Lee Kaplan, vice president and general counsel for Arch America subsidiary Aluminum Shapes LLC. PNC Advisors was the previous bundled provider. "Prudential offered a superior product for the needs of our employees," Mr. Kaplan said. Maureen Brown, a PNC spokeswoman, did not return calls seeking comment by press time.
Arch America's three other companies are Delair Group LLC, Ultra Hardware Products LLC and Accu-Weld LLC.
