Hancor Inc., Findlay, Ohio, added the Fifth Third Equity Index fund as an investment option in its $30 million 401(k)/profit-sharing plan, dropping the Armada S&P 500 Index fund, said Deb Montgomery, people and organization manager. The change was made for diversification, Ms. Montgomery said. Trustees were concerned that the Armada fund overlapped with another option, the Victory Diversified Stock fund, she said. Bundled provider Fifth Third assisted. The plan offers 14 investment options.