Boca Raton (Fla.) Community Hospital hired Diversified Investment Advisors as bundled provider for its $10 million 403(b) plan, said Lisa Blume, plan administrator. Fund officials chose Diversified to consolidate the plan's multiprovider platform, and they wanted one provider to better handle communications and technology, she said. The plan now offers 17 investment options; Ms. Blume declined to say how many options were previously offered.
Lincoln Financial Group and Nationwide Financial Services provided administration, record keeping and investment management services. Neither Lincoln spokesman Tom Johnson nor Nationwide spokesman Jeff Botti could be reached for comment.