Perrigo Co., Allegan, Mich., removed the MFS Global Total Return Fund from the investment options lineup of its 401(k) plan in 2018, the company disclosed in its 11-K filing with the SEC on Wednesday.
The fund, managed by MFS Investment Management, invests in global large-cap companies and global bonds, according to MFS' website. As of Dec. 31, 2017, the fund had $142 million in assets in the plan, according to the company's previous 11-K filing. The reason for the removal of the fund, and to which existing fund or funds participants were mapped, could not be immediately learned.
As of Dec. 31, the Perrigo Co. Profit-Sharing and Investment Plan had $649 million in assets and 13 investment options, according to the new 11-K filing.
Spokesman Bradley Joseph could not be immediately reached to provide further information.