Wells Fargo & Co., San Francisco, announced Tuesday that it has signed a new 401(k) plan client.

Pacificare Health Systems Inc., Santa Ana, Calif., chose Wells as trustee for its tax-deferred retirement and profit-sharing plan, which has $157 million of assets. The plan, with more than 8,000 participants, offers seven investment options. Pacificare had a limited relationship with Wells Fargo, which was custodian and fund accountant for one of the managed-care company's investment options.

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