Applied Industrial Technologies Inc., Cleveland, added the Baron Discovery Fund and Victory RS Small Cap Growth Fund as underlying funds for a domestic small-cap growth fund in its 401(k) plan lineup in 2020.
The active domestic small-cap growth equity funds managed by BAMCO and Victory Capital Management, respectively, held $5 million each in assets in the plan as of Dec. 31, according to the company's 11-K filing Thursday with the SEC.
In the company's prior 11-K filing, the Vanguard Russell 2000 Growth Index Institutional fund was the sole underlying fund in the plan's white-label Small Cap Growth Stock Fund as of Dec. 31, 2019. As of that date, the passive domestic small-cap growth equity fund managed by Vanguard Group held $17 million in assets in the plan.
As of Dec. 31, the fund held $10 million in assets in the plan, according to the new 11-K filing.
Also as of that date, the Applied Industrial Technologies Inc. Retirement Savings Plan had $596 million in total assets.
Ryan D. Cieslak, director – investor relations and treasury, could not be immediately reached for further information.