S&C Electric Co., Chicago, is looking into adding international equity and/or real estate investments to its $60 million pension plan, said Mike Moses, financial services director. The board of trustees is reviewing the possibility of allocating up to a total of $3.6 million to one or both asset classes. The trustees will likely revisit the matter at a meeting in late May or early June, Mr. Moses said.
Separately, S&C Electric added the Vanguard Target Retirement funds to its $100 million 401(k) plan, Mr. Moses said. Plan officials are in the process of phasing out the Vanguard LifeStrategy fund in favor of the retirement-date targeted funds. Mr. Moses said he believes the Target Retirement funds are easier for participants to understand, and they rebalance themselves with respect to risk as retirement approaches. The plan offers 10 investment options plus the Target Retirement funds. Vanguard is bundled provider.