Stillwater Mining Co., Columbus, Mont., hired MassMutual Financial Group as the bundled provider for both of its 401(k) plans, said Lori Holtz, human resources representative. CitiStreet Retirement Services was record keeper and Smith Barney was financial adviser and provider for the $39 million and $24 million plans, which mirror each other. The plans are self-administered. Plan officials considered retaining CitiStreet and Smith Barney, and Wells Fargo was a finalist for bundled provider; they wanted more "flexibility" within the plans.
The plans each offer 18 investment options. Hobbs Group Investment Advisors assisted.
