Community Health Systems Inc., Brentwood, Tenn., added the Templeton Foreign fund to its $200 million 401(k) plan, said Chip Cane, benefits manager. It replaces the Janus Worldwide fund, which was dropped for performance; "the risk-to-return ratio was too high," he said. Shelley Peterson, Janus spokeswoman, did not return a call seeking comment by press time.
Plan officials will also drop the Scudder Technology fund because of performance and because plan officials decided to drop the technology sector option altogether. Mr. Cane said the fund was "fairly risky relative to its performance." Judith Inosanto, spokeswoman for Scudder Investments parent Deutsche Asset Management, could not be reached for comment by press time.
The plan offers 17 investment options, Mr. Cane said. Scudder Investments is the plan's bundled provider; Ward Financial Advisory assisted.