Clorox Co., Oakland, Calif., hired Financial Engines as advice provider for its $520 million 401(k) plan, said Nancy Roche, Clorox manager of benefits funding.
Putnam Investments is the record keeper and administrator of the semibundled plan, Ms. Roche said. The plan, with an 85% participation rate, has 11 investment options, including company stock. Clorox also has one international equity fund, two fixed-income funds and seven equity funds. The managers are Putnam, Fidelity, INVESCO and Miller Anderson & Sherrerd, she said.