Chevron Corp., San Ramon, Calif., added a series of 11 Vanguard target-date trusts to the investment lineup of its $16.1 billion Employee Savings Investment Plan, according to a newsletter on the company's website.
It is the first time Chevron has offered target-date options; Vanguard is the plan's record keeper.
The funds were added April 1. Also effective April 1, the plan added the Vanguard Total World Stock Index Fund institutional share class and the State Street Global Advisors U.S. Inflation Protected Bond Index Fund.
As part of the changes, participants can also invest in exchange-traded funds in the Vanguard brokerage option. There are now 19 other investment options besides the target-date funds and broker option.
Tom Toy, manager, reporting and control, could not be reached for additional information by press time.