Murphy Oil Corp., El Dorado, Ark., hired Fidelity as record keeper and...

Murphy Oil Corp., El Dorado, Ark., hired Fidelity as record keeper and trustee for its $137 million 401(k) plan, said Odie Vaughan, treasurer. Fidelity is the fund's first record keeper and will provide daily valuation. First Tennessee Bank previously was trustee, but the fund wanted just one provider, said Mr. Vaughan. Fidelity offers three of the fund's six options, which remain unaffected by the change.