Halliburton Co., Houston, added custom target-date funds for the first time to its Retirement and Savings Plan, according to documents on the changes posted on the company's website.
Mercer, the investment consultant for the plan, customized the funds and will serve as manager of them. A blackout period is slated to end Monday. The target-date options will replace four risk-based portfolio options.
Halliburton also added a new inflation-sensitive option to the plan's lineup and combined domestic large-cap equity growth and value options into one large-cap equity strategy. Overall, the plan has 10 “single-focus strategies,” many of which use several external managers.
The managers of the new large-cap equity and the inflation-sensitive options could not be learned.
The managers listed for the large-cap growth option were Fayez Sarofim, Sands Capital Management, State Street Global Advisors and T. Rowe Price; for large-cap value the managers were Boston Co. Asset Management, GAMCO Investors (GBL), SSgA and Wellington Management.
The DC plan had $4.13 billion in assets as of Dec. 31, 2011, according to its most recent Form 5500 filing.
Sharon Cowher, director, trust investments, and Gilbert Chavez, senior director total compensation, could not be reached by press time for additional information.