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common stock fund |
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Common stock fund
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It is the advisor to the Sentinel Common Stock fund, one of the country's oldest mutual funds first offered in 1934. The Union and Non-Union Plans look to be very similar: both include a 401(k) component and a company match component; both offer a Merck Common Stock Fund as one of the investment alternatives under the 401(k); both require that, for employees 50 years old or younger, 50% of the company match must be made in Merck stock; both are administered by a management committee appointed by the CEO; and both have hired Fidelity to serve as the trustee for the plans. Manion, who has more than 15 years of investment experience, has been with Sentinel since 1993 and has served as co-manager of Sentinel Common Stock Fund and the equity portfolio of Sentinel Balanced Fund during most of that period. |
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