Comerica Inc., Dallas, added the Wells Fargo Special Mid Cap Value Fund and Wells Fargo/BlackRock Short-Term Investment Fund to the investment options lineup of its 401(k) plan during 2018.
According to the company's 11-K filing with the SEC on May 30, the Special Mid Cap Value Fund, an active domestic midcap value equity fund managed by Wells Fargo Asset Management, had $13 million in assets in the plan as of Dec. 31. The short-term investment fund, a money market collective investment trust managed by Wells Fargo with BlackRock as the underlying manager, had $7 million in assets in the plan as of that date. Neither option appeared in the lineup in the company's prior 11-K filing a year earlier.
No funds were removed during 2018. The reason for the additions were not available.
As of Dec. 31, the Comerica Inc. Preferred Savings Plan had $1.4 billion in assets, according to the most recent 11-K filing. The plan had 25 investment options, a common stock fund and a target-date fund lineup managed by Comerica.
Comerica spokeswoman Yolanda Schufford said: "We regularly monitor the funds offered in our Preferred Savings Plan to provide participants with a broad range of options to help achieve his/her retirement goals. From time to time fund changes occur as a result of our oversight process, which are reported in the 11-K."