Publix Super Markets Inc., Lakeland, Fla., added the Baird Aggregate Bond Fund to the investment options lineup of its 401(k) plan, said Robert L. Kisiel, investment manager.
The domestic fixed-income fund managed by Baird Advisors replaced the PIMCO Total Return Fund in the fourth quarter. The PIMCO Total Return Fund, a similar domestic fixed-income fund managed by Pacific Investment Management Co., was removed due to personnel changes. William H. Gross, PIMCO's co-founder and chief investment officer, resigned from the firm in September to join Janus Capital Group.
As of Dec. 31, 2013, the Publix Super Markets Inc. 401(k) SMART Plan had $2.6 billion in assets, according to the company's most recent Form 5500 filing. The PIMCO Total Return Fund had $28 million of the plan's assets as of that same date.
The 401(k) plan has 13 investment options.