Engility Corp., Chantilly, Va., has added the Prudential Guaranteed Income Fund as an investment option in its 401(k) plan, said a plan document posted on the company’s website.
The stable value fund managed by PGIM was added on Dec. 30, the same day the plan removed a stable value fund managed by Wells Fargo and a money market fund managed by Fidelity Investments. The reason for the change, and to which fund or funds participants in the removed funds are being mapped, could not be immediately learned.
As of Dec. 31, 2015, the Engility Master Savings Plan had $1.1 billion in assets, according to the company’s most recent Form 5500 filing. As of that same date, the Wells Fargo Stable Return Fund had $33 million in plan assets and the Fidelity Retirement Government Money Market Fund had $6 million.
Company spokeswoman Roela Santos could not be immediately reached to provide further information.