Northeast Arkansas Clinic, Jonesboro, Ark., named Diversified Investment Advisors to be bundled provider of its $24 million 401(k) plan, confirmed E. Scot Davis, the clinic’s CFO.
Diversified succeeds Regions Morgan Keegan Trust, Mr. Davis said. He said Northeast made the change in part because it wanted to use a local firm; Diversified has a regional office in Little Rock.
“There was nothing wrong with (Keegan’s) service,” Mr. Davis said. “They were a good administrator.”
The fund offers 14 investment options.
Consultant Stephens Inc. conducted the search, Mr. Davis said.