Southwestern Energy Co., Spring, Texas, removed three investment options from its 401(k) plan lineup during 2018, the company disclosed in its 11-K filing with the SEC on June 20.
The plan removed the Deutsche Equity 500 Index Fund, a passive domestic large-cap equity fund managed by DWS Group and subadvised by Northern Trust Asset Management; the PGIM Jennison Mid-Cap Growth Fund, managed by PGIM Investments and subadvised by Jennison Associates; and the Dreyfus Bond Market Index Fund, an intermediate-term core fixed-income fund managed by Mellon Investments.
The funds had $25 million, $14 million and $2 million, respectively, in assets in the plan as of Dec. 31, according to the filing. The reason for the removal of the funds, and to which existing funds participants were automatically mapped, was not provided.
As of Dec. 31, the Southwestern Energy Co. 401(k) Savings Plan had $135 million in assets. As of that same date, the plan had nine investment options, a common stock fund and a target-date fund lineup managed by T. Rowe Price Group.
Spokesman Jim Schwartz could not immediately provide further information.