Company changes Willis North America Inc., Nashville, Tenn., now allows its 401(k) plan participants to decide how to invest Willis' matching contributions, according to an SEC filing. The company match had been only in company stock. Participants can choose from a list of mutual funds, as well as company stock. Fund officials also lifted restrictions for participants who want to transfer their investments out of the company stock they hold in their accounts. Lynn Bissinger, vice president-employee benefits at Willis North America, would not comment.
The 401(k) plan has $208 million in assets as of March 2003, according to the Money Market Directory.