Sharp Electronics Corp. , Mahwah, N.J., selected Schwab Retirement...

Sharp Electronics Corp., Mahwah, N.J., selected Schwab Retirement Plan Services, Inc., as the bundled provider for its $135 million 401(k) plan and two defined benefit plans totaling $90 million. Sharp chose Schwab for its cost effectiveness, name recognition and ability to integrate 401(k) and DB plan administration, said David Alai, vice president of human resources. Previous bundled provider Ameriprise Financial, formerly known as American Express Retirement Services, was dropped because it was not as technologically savvy and user-friendly as Schwab, Mr. Alai said. Sharp's 401(k) plan will offer 15 investment options, including a new lifestyle option, up from 14.