Yuma Regional Medical Center, Yuma, Ariz., is adding the Dodge & Cox Income Fund as an investment option in its 401(k) plan, said Alex Wade, director, compensation and benefits.
The fund replaces the PIMCO Total Return Fund; participants in that fund will be mapped to the Dodge & Cox domestic fixed-income fund on Dec. 18.
Mr. Wade did not give a reason for the change, but the plan is the latest in a series of defined contribution plans that have removed funds managed by Pacific Investment Management Co. since the resignation of the money manager's co-founder and Chief Investment Officer William H. Gross on Sept. 26. Mr. Gross managed PIMCO's Total Return Fund.
As of Dec. 31, the Yuma Regional Medical Center 401(k) Plan had $24 million in assets, according to its most recent Form 5500 filing.