Ameriquest Mortgage Co., Orange, Calif., hired Putnam Investments to provide bundled services for its $20 million 401(k) retirement plan, according to Lori Grigg, director of compensation and benefits. Beginning May 1, the plan will have eight new funds, up from the five investment options offered under the old version of the plan, which was administered by CIGNA, Ms. Grigg said. Ameriquests 401(k) plan formerly contained conservative investment options, including a GIC, she said. Under the revised plan, the GIC will be replaced with Putnams Income fund and seven more aggressive options, Ms. Grigg said. New options are: Putnams Asset Allocation Balanced; Investors; Voyager; International Growth; Equity; American Government Income; Income; and Money Market. Plan participants also will be able to make changes to their accounts at any time. Previously, participants could make transfers only quarterly, Ms. Grigg said. Plan eligibility also was changed to 90 days from one year.