San Diego County Deferred Compensation Program added seven investment options to its 401(a) and 457 plan lineup, a posting on the plans’ website said.
The program added an active domestic balanced fund managed by Capital Group, replacing a similar fund managed by Oakmark Funds; an active domestic large-cap blend equity fund managed by Columbia Threadneedle Investments, replacing a similar fund managed by Hartford Funds; a high-yield fixed-income fund managed by Columbia Threadneedle Investments, replacing a similar fund managed by Putnam Investments; an active domestic intermediate-term fixed-income fund managed by Metropolitan West Asset Management, replacing a similar fund managed by Pacific Investment Management Co.; an active domestic large-cap growth equity fund managed by MFS Investment Management, replacing a similar fund managed by Wells Fargo Asset Management; a passive domestic small-cap equity fund managed by Vanguard Group, replacing an active domestic small-cap equity fund managed by T. Rowe Price Group and a passive domestic small-cap equity fund managed by State Street Global Advisors; and an active domestic small-cap value equity fund managed by Wells Fargo Asset Management, replacing a similar fund managed by American Century Investments.
The changes were effective July 13. Participants in replaced investment funds have been mapped to the funds replacing them, according to the posting.
Asset sizes for the plans could not be learned by press time. The record keeper is Nationwide.A phone call to the deferred compensation program office was referred to Andie Jokerst, spokeswoman for the county’s treasurer-tax collector’s office, who did not return a phone call seeking further information by press time.