Broomfield, Colo., is adding the Principal High-Yield Fund to the investment lineup of its $48 million 401(a) general employees money purchase plan, said Suzanne Smith, director of human resources for Broomfield.
The Principal Global Investors fund will be added to the plan’s lineup on April 7, bringing the total number of investment options to 15.
No other high-yield bond funds are currently offered under the general employees plan.
