AES Corp., Arlington, Va., added three new investment options to its 401(k) plan lineup during 2018, the company disclosed in its 11-K filing with the SEC.
The plan added the Columbia Contrarian Core Institutional Fund, an active domestic large-cap equity fund managed by Columbia Threadneedle Investments; the Rothschild U.S. Small/Mid-Cap Core CIT Fund, an active domestic small-cap equity fund managed by Rothschild & Co.; and the TS&W International Large Cap Equity Trust, an active international large-cap equity CIT managed by Thompson, Siegel & Walmsley.
The funds had $28 million, $16 million and $7 million, respectively, in assets in the plan as of Dec. 31, according to the June 26 filing.
Also during 2018, the plan removed the BlackRock Global Allocation Fund and BlackRock Basic Value Fund, which had $22 million and $20 million, respectively, in assets in the plan as of Dec. 31, 2017, according to the previous 11-K filing.
The plan also removed the Columbia Small Cap Value II Fund, an active domestic small-cap value equity fund managed by Columbia Threadneedle; the MFS Research International Fund, an active international equity fund managed by MFS Investment Management; and the Lazard Emerging Markets Equity Portfolio, an active emerging markets equity fund managed by Lazard Asset Management.
As of Dec. 31, 2017, the funds had $13 million, $10 million and $6 million, respectively, in assets in the plan.
The reason for the changes was not provided.
As of Dec. 31, the AES Corp. Retirement Savings Plan had $366 million in assets, according to the new 11-K filing. As of that same date, the plan had 11 investment options, a common stock fund and a target-date fund lineup managed by Vanguard Group.
Spokeswoman Amy Ackerman could not be immediately reached to provide further information.