Turner Broadcasting System Inc., Atlanta, a subsidiary of Time Warner, on Nov. 1 will add a mutual fund window and replace three core funds in its $3 billion 401(k) plan, according to Lisa McMichael, Turners director of employee benefits.
The mutual fund window will include 94 SEC-registered mutual funds, Ms. McMichael said. The new options will be a Standard & Poors 500 fund, a large-cap fund and a small-cap fund, all provided by Fidelity Investments, Turners bundled provider, Ms. McMichael said. These three funds will replace other non-institutional funds, which will be included in the mutual fund window, she explained. And the plan will retain 10 core investment options, she said.