Beall's Inc., Bradenton, Fla., added the Dodge & Cox Balanced and Lord Abbett Small-Cap Value funds as investment options in its $62 million 401(k) plan, said Michael Maddaloni, divisional vice president-treasurer. The plan dropped the MFS Total Return and American Century Small Cap Value funds because of performance, and plan officials also were concerned about market-timing allegations against MFS, Mr. Maddaloni said. Both terminated funds had been on watch for three months.
The plan has 13 investment options. Wachovia is bundled provider; Mercer Investment Consulting assisted.
Both John Reilly, MFS spokesman, and Laura Kouri, American Century spokeswoman, declined comment.