Morton Plant Mease Health Care, Dunedin, Fla., hired American Express to provide quasi-bundled services for its $42 million profit-sharing plan, said Craig Brethauser, vice president-human resources.
Of the seven investment options, five are from American Express and one each from Manning & Napier and Templeton International. American Express provides daily valued record keeping, trust and administrative services, employee education and communications, and an automated voice-response system.
The new plan combines and standardizes benefits provided by two older plans. Mr. Brethauser wouldn't identify the previous record keeper and investment managers.