Crain Communications Inc., Detroit, is adding four investment options to the lineup of its $109 million defined contribution plan, said Peter Grantz, vice president, general counsel.
The publishing company is adding the DFA U.S. Targeted Value I Fund, an active domestic small-cap value equity fund managed by Dimensional Fund Advisors; the J.P. Morgan Small Cap Growth fund, an active domestic small-cap growth equity fund managed by J.P. Morgan Asset Management (JPM); the PIMCO Income Institutional fund, a multisector fixed-income fund managed by Pacific Investment Management Co.; and the Vanguard GNMA Admiral Fund, an intermediate-term government fixed-income fund managed by Vanguard Group.
The new investment options will be added effective June 14 to round out the lineup and give employees access to additional choices, Mr. Grantz said.
The additions will give the plan 17 investment options plus a target-date fund lineup managed by State Street Global Advisors.
The plan's record keeper is Principal Global Investors.
Crain Communications is the parent company of Pensions & Investments.