Ascena Retail Group Inc., Suffern, N.Y., added the American Century Disciplined Growth Fund and the J.P. Morgan Equity Income Fund as investment options in its 401(k) plan, according to employee materials posted on the company's 401(k) plan website.
The new options replace the American Funds Growth Fund of America and the Eaton Vance Large Cap Value Fund. Investments in the American Funds option will map automatically to the American Century fund, and investments in the Eaton Vance fund will map automatically to the J.P. Morgan fund.
Further information regarding the reasons for the changes could not be learned by press time.
Ascena Retail Group Inc. 401(k) Savings Plan has 12 investment options and a T. Rowe Price target-date fund family. The plan had $130 million in assets as of July 31, according to the company's most recent 11-K filing.
Phone calls to John Sullivan, executive vice president and chief operating officer, and Alecia Pulman, spokeswoman, were not returned by press time.