Bath & Body Works Inc., Columbus, Ohio, changed four equity investment options in its 401(k) plan.
The retailer during 2023 added the Fidelity 500 Index Fund, a passive domestic large-cap equity fund managed by Fidelity Investments; the Putnam Large Cap Value Trust, an active domestic large-cap value equity collective investment trust managed by Putnam Investments; the AB U.S. Large Cap Growth Trust, an active domestic large-cap growth equity CIT managed by AllianceBernstein; and the MFS International Diversification Fund, an active international equity fund managed by MFS Investment Management, according to a comparison of its 11-K filing on June 24 and last year’s filing.
As of Dec. 31, the four new investment options had $187 million, $67 million, $62 million and $27 million in assets in the plan, according to the new 11-K filing.
Also during 2023, the retailer removed the Vanguard Institutional Index Fund, a passive domestic large-cap equity fund managed by Vanguard Group; the Dodge & Cox Stock Fund, an active domestic large-cap value equity fund; the PRIMECAP Odyssey Growth Fund, an active domestic large-cap growth equity fund managed by PRIMECAP Management Co.; and the Artisan International Fund, an active international equity fund managed by Artisan Partners, according to the comparison of the new 11-K filing and last year’s filing.
As of Dec. 31, 2022, those four investment options had $159 million, $65 million, $54 million and $28 million, respectively, in assets in the plan, according to last year’s 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Bath & Body Works Inc. 401(k) Savings and Retirement Plan had $1.1 billion in assets, according to the new 11-K filing.
