Terteling Co., Boise, Idaho, added five investment options to its $40 million 401(k) plan, said Flinda Terteling, vice president. They are: Scudder Dreman High Return Equity; T. Rowe Price Mid-Cap Value; Thornburg International Value; PIMCO NFJ Small Cap Value; and Oppenheimer Capital Appreciation funds. The plan dropped the MFS Massachusetts Investors Growth Stock, INVESCO Dynamics and Janus Adviser Worldwide funds because they were not meeting performance criteria set by the plan's investment committee, said Ms. Terteling.
John Reilly, MFS spokesman, declined to comment. Bill Hensel, spokesman for INVESCO parent AMVESCAP, did not return a call seeking comment by press time. Shelley Peterson, spokeswoman for Janus, said, "We absolutely hate to lose any client" and will work hard to win back the business.
The Oppenheimer fund replaced the MFS fund; assets from the Janus fund were rolled into the Thornburg fund; and assets in the INVESCO fund were rolled over to the Franklin Small-Mid Cap Growth fund, an existing investment option.
The plan now offers 14 investment options, up from 12.