HIRINGS
Southern California Permanente Medical Group, Pasadena, Calif., hired Dreyfus Retirement Services to provide daily valued record-keeping services for its two defined contribution plans, which total $800 million. The hire is effective Jan. 1.
Dreyfus will provide all trust, record keeping, administration, voice-response system and employee communication services, replacing North America Trust Co., said Robin Radin, director of physician benefits. The plan is valued monthly now.
None of the investment options offered in either plan will be changed.
The $200 million 401(k) plan will continue to offer five Vanguard mutual funds. The $600 million Keogh plan will retain four pooled funds from the Boston Co., one pooled fund from Wall Street Associates, a frozen MetLife real estate pooled fund and a self-directed brokerage option administered by Dreyfus or an employee-selected broker.
Southern California Permanente is considering various options to provide more advanced investment education next year, including individual financial planning services from independent investment advisers, said Ms. Radin
