Raven Industries Inc., Sioux Falls, S.D., added the J.P. Morgan Equity Income Fund to the investment options lineup of its 401(k) plan in 2020.
The active domestic large-cap value equity fund managed by J.P. Morgan Asset Management had $3 million in assets in the plan as of Dec. 31, according to the company's 11-K filing Friday with the SEC.
Also during 2020, the plan removed the Invesco Growth & Income Fund from the lineup, according to a comparison of this year's and last year's filings.
The active domestic large-cap value equity fund managed by Invesco had $3 million in assets in the plan as of Dec. 31, 2019, according to last year's 11-K filing.
The reason for the change was not provided in the new 11-K filing.
As of Dec. 31, the Raven Industries Inc. 401(k) Plan had $103 million in total assets, according to the new 11-K filing.
Jared Stearns, investor relations manager, could not be immediately reached for further information.