PerkinElmer Inc., Waltham, Mass., added three equity investment options to its 401(k) plan during 2018, the company disclosed in its 11-K filing with the SEC on Wednesday.
The plan added the American Beacon Bridgeway Large Capital Value Fund, an active domestic large-cap value equity fund managed by American Beacon Advisors and subadvised by Bridgeway Capital Management. The fund had $17 million in assets in the plan as of Dec. 31, according to the filing.
The plan also added two index funds managed by Vanguard Group: the Vanguard Total International Stock Index Fund and Vanguard Extended Market Index Fund, which had $4 million and $1 million, respectively, in assets in the plan as of Dec. 31.
Also during 2018, the plan removed the Fidelity Equity-Income Fund, an active domestic large-cap value equity fund managed by Fidelity Investments.
That fund had $22 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the PerkinElmer Inc. Savings Plan had $612 million in assets, according to the new 11-K filing. The plan had 15 investment options, a self-directed brokerage option, a common stock fund and a target-date fund lineup managed by Fidelity.
Spokesman Brian Willinsky could not be immediately reached to provide further information.
