Clayton Homes Inc., Maryville, Tenn., added five new investment options to its 401(k) plan lineup, according to an 11-K filing issued by parent company Berkshire Hathaway to the SEC.
The plan in 2019 added American Funds EuroPacific Growth Fund, an active international equity fund managed by Capital Group; Vanguard Strategic Small-Cap Equity Fund, an active domestic small-cap equity fund managed by Vanguard Group; and DFA Emerging Markets Core Equity Fund, an active emerging markets equity fund managed by Dimensional Fund Advisors.
Those funds had $25 million, $12 million and $5 million in assets in the plan, respectively, as of Dec. 31, according to the June 19 11-K filing.
Also, the plan added the Fidelity U.S. Bond Index Fund, a domestic fixed-income fund, and Fidelity Total International Index Fund, an international equity fund, both passive funds managed by Fidelity Investments. The funds had $5 million and $4 million in assets in the plan, respectively, as of Dec. 31, according to the filing.
Also during 2019, the plan removed four options: Fidelity Small Cap Discovery Fund, an active domestic small-cap equity fund; Vanguard Total International Stock Index Fund, a passive international equity fund; Vanguard Total Bond Market Index Fund, a passive domestic fixed-income fund; and Invesco Developing Markets Fund, an active emerging markets equity fund.
Those funds had $11 million, $6 million, $3 million and $3 million in assets in the plan, respectively, as of Dec. 31, 2018, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Clayton Homes Inc. 401(k) Retirement Plan had $784 million in assets, according to the new 11-K filing. As of that same date, the plan had 16 individual investment options, a Berkshire Hathaway common stock fund and a target-date fund lineup managed by Fidelity.
Clayton spokeswoman Audrey Eason could not be immediately reached for further information.
