Central Texas College, Killeen, added the Ivy Bond Fund to the lineup of its 401(a) plan for full-time employees, said an announcement on the school's website.
The fund, managed by Ivy Investment Management replaced the PIMCO Total Return Fund earlier this month. Participants in the Pacific Investment Management Co. fund were mapped the Ivy fund.
The reason for the change could not be learned by press time.
The plan had $84.2 million in assets of Aug. 31, 2014, according to its most recent Form 5500 filing. The college also administers a 401(a) plan for part-time employees, which had $11.1 million in assets as of Aug. 31. The PIMCO fund was not offered under the other 401(a) plan.
TIAA-CREF is the plans' record keeper.
Shaun Davis, benefits coordinator, could not immediately be reached for additional information.
