The Children’s Hospital Corp., Boston, is reducing the number of investment options in its two 403(b) plans, said a brochure to participants on the plans’ website.
The changes will take effect on Aug. 3 and are part of “an effort to better meet the needs of all current and future plan participants,” the brochure said.
The new lineup will consist of 17 investment options, a target-date fund lineup that will continue to be managed by Fidelity Investments and a brokerage link option. The current lineup has more than 150 investment options. Fidelity is also the plans’ record keeper.
Investment options that are new to the plan are: an emerging markets equity fund managed by Dimensional Fund Advisors; a domestic midcap growth equity fund managed by Eagle Asset Management; active domestic large-cap growth equity, active international large-cap growth equity, passive domestic large-cap equity, passive domestic midcap equity and passive international equity funds managed by Fidelity Investments; a domestic small-cap value equity fund managed by Goldman Sachs Asset Management; a domestic large-cap value equity fund managed by John Hancock Investments; a domestic midcap value equity fund managed by MFS Investment Management; an international large-cap blend equity fund managed by T. Rowe Price Group; and a domestic small-cap growth equity fund managed by Wells Fargo.
The Children’s Hospital Corp. Tax-Deferred Annuity Plan had $465 million in assets, and The Children’s Hospital Corp. Joint Appointees’ Retirement Plan had $156 million in assets, both as of Dec. 31, 2013, according to the company’s most recent Form 5500 filings.
Rob Graham, spokesman, did not return a phone call by press time, and Kristen Dattoli, spokeswoman, and Inez Stewart, vice president, human resources, were not available by press time.
