Crane Co., Stamford, Conn., added three new investment options to its 401(k) plan in 2018, according to the company's 11-K filing Friday with the SEC.
The company added the Carillon Eagle Midcap Growth Fund to the lineup. The active domestic midcap growth equity fund managed by Carillon Tower Advisers and subadvised by Eagle Asset Management had $17 million in assets in the plan as of Dec. 31, according to the filing.
The company also added stable value collective investment trusts managed by Fidelity Investments and Morley Capital Management, which had $1 million and $20 million, respectively, in assets in the plan as of Dec. 31.
Also during 2018, the company removed the Victory Munder Mid-Cap Core Growth fund from the 401(k) plan lineup. As of Dec. 31, 2017, the active domestic midcap growth equity fund managed by Victory Capital Management had $20 million in assets.
Finally, the company changed its target-date fund lineup managed by Vanguard Group to collective investment trusts from mutual funds.
The reasons for the changes were not provided.
As of Dec. 31, the Crane Co. Savings and Investment Plan had $917 million in assets, according to the 11-K filing. It had 15 investment options plus the Vanguard target date lineup as of that date.
A company spokesman declined to comment.
