Luby's Inc., San Antonio, hired American Express Retirement Services...

Luby’s Inc., San Antonio, hired American Express Retirement Services to provide investment management services, record keeping, trust services and employee education for its $4.3 million 401(k) plan. American Express also is providing similar services for the restaurant chain’s new non-qualified deferred compensation plan for highly compensated employees, said Patricia Speck, assistant vice president, profit-sharing and administration. She declined to discuss the plan’s former service providers. The funds that will be offered include: stable capital; an intermediate bond; three lifestyle; small-cap; large-cap; an international fund; and Luby’s pooled stock fund. About 35% of Luby’s 14,000 employees participate in the plan, Ms. Speck said. There is no company match in the 401(k) because any company contributions are made to Luby’s 30-year-old profit-sharing and retirement trust, she said. However, Ms. Speck declined to give the amount of assets in the trust.