Kuhlman Electric Corp., Versailles, Ky., hired Fidelity as bundled provider of its three 401(k) plans, which have a combined $14 million in assets, said Tom Minnich, vice president of finance and CFO. The change will take effect Jan. 1. Mr. Minnich said current provider Mellon Financial was invited to rebid. The search was conducted internally; no consultant was used.
The plans, which mirror each other, offer seven investment options each.