National Telecommunications Cooperative Association, Arlington, Va., is adding the J.P. Morgan Equity Income separate account to the investment options lineup of its 401(k) plan, a letter to participants said.
The equity separate account managed by J.P. Morgan Asset Management replaced a domestic large-cap value equity fund managed by Fidelity Investments, effective April 15. The reason for the change was not given. Participants in the Fidelity fund were automatically mapped to the J.P. Morgan separate account.
The 401(k) plan is a multiemployer defined contribution plan for employees of the NTCA, its affiliates and its members.
As of Dec. 31, the Savings Plan of NTCA and Its Members had $1.7 billion in assets, according to its most recent Form 5500 filing.
Kathy Pack-Hill, director of pension programs, could not be immediately reached for further information.