South Carolina DC plan swaps out 2 small-cap equity options

South Carolina Deferred Compensation Program, Columbia, added the American Beacon Advisors Small Cap Value Fund and AllianceBernstein (AB) Small Cap Growth Fund as investment options, according to a notice on the website for the program, which includes 401(k) and 457 plans.

The two funds will replace the Keeley Small Cap Value Fund and Jacob Micro Cap Growth Fund.

The new options will be available on Dec. 3. Assets from the old funds will be mapped into the two new funds, with small value occurring Dec. 3 and small growth, Dec. 27.

Officials from the deferred compensation program could not be reached by press time for additional information.

The DC plan had $2.8 billion in assets as of Sept. 30, 2011, according to Pensions & Investments data.