GoDaddy.com LLC, Scottsdale, Ariz., is adding the Dodge & Cox Income Fund as an investment option in its 401(k) plan, said Michael Zimmerman, executive vice president of finance, in an e-mail.
The domestic fixed-income fund is replacing the PIMCO Total Return Fund, from which participants will be mapped to the new fund. The change is effective at 4 p.m. EST on Tuesday.
Mr. Zimmerman would not disclose the reason for the change. Multiple plans, however, have been removing the fund managed by Pacific Investment Management Co. since the resignation of William Gross, PIMCO’s co-founder and chief investment officer, on Sept. 26, to join Janus Capital Group.
As of Dec. 31, the GoDaddy.com LLC 401(k) Plan had $114 million in assets, according to the company’s most recent Form 5500 filing. Also as of that date, the PIMCO Total Return Fund managed $3.4 million for the plan.