Burlington Northern Santa Fe Corp., Fort Worth, Texas, added a small-cap fund option to its new $700 million 401(k) plan formed from the Jan. 1 merger of the Burlington Northern and Santa Fe plans.
The Small Company Growth Fund managed by Norwest Corp. will be added to the eight options offered by Vanguard already in place in the former Santa Fe 401(k) plan. Peregrine Capital Management, a subsidiary of Norwest, will directly manage the fund, said Blaine Mineman, manager of finance. Peregrine already manages a small-cap portfolio for Burlington's $1.4 billion defined benefit plan. The search was conducted in-house.