Cequel III Management Co., St. Louis, is adding two new investment options to its 401(k) plan, said Glenn Sapa, associate partner at Aon Hewitt Investment Consulting, the plan’s investment consultant.
The plan is adding a domestic small-cap equity fund managed by Voya Investment Management, which replaces a similar fund managed by Baron Capital Group, and a real estate fund managed by AMG Funds, which replaces the Invesco Real Estate Fund. Participants in both discontinued funds will be mapped to the new funds, effective April 20.
As of Dec. 31, 2013, the Cequel III 401(k) Plan had $153 million in assets, according to the company’s most recent Form 5500 filing.
As of that same date, the Invesco Real Estate Fund had $4.4 million in plan assets and the Baron Small Cap Fund, $3.4 million.
Mr. Sapa did not provide further information; a phone call to Renetta Patrick, administrator, was referred to Mr. Sapa.