Sherwin-Williams Co., Cleveland, added a target-date fund series managed by T. Rowe Price to its 401(k) plan investment options lineup, said an 11-K filing with the Securities and Exchange Commission on Monday.
The T. Rowe Price Retirement funds replaced the Pyramis Core Lifecycle Commingled Pool funds, managed by Fidelity Institutional Asset Management; a reason for the change was not given.
As of Dec. 31, according to the 11-K filing, the Sherwin-Williams Co. Employee Stock Purchase and Savings Plan had $4.5 billion in assets. As of that same date, the 10 T. Rowe Price funds had $562 million in plan assets.
The plan also includes a company stock fund, which had $2.9 billion in assets as of Dec. 31, 16 mutual fund investment options and 10 collective trust fund investment options.
A spokesman did not reply to a request for further information by press time.