Comerica Inc., Dallas, added two new equity investment options to the lineup of its 401(k) plan.
The company added the American Funds EuroPacific Growth Fund, an active international equity fund managed by Capital Group, and the BlackRock Mid-Cap Growth Equity Fund, an active domestic midcap growth equity fund, to the lineup during 2019, spokesman Louis H. Mora confirmed.
The funds had $49 million and $45 million, respectively, in assets in the plan as of Dec. 31, according to an 11-K filing with the SEC on Monday.
The plan also removed three funds from its investment options lineup in 2019.
The plan removed the William Blair International Growth Fund, an active international growth equity fund managed by William Blair & Co.; the Victory Munder Mid-Cap Core Growth Fund, an active domestic midcap growth equity fund managed by Victory Capital Management; and the Putnam Mortgage Securities Fund (formerly the Putnam U.S. Government Income Fund), an active domestic intermediate-term core-plus fixed-income fund managed by Putnam Investments.
Those funds had $36 million, $32 million and $15 million, respectively, in an assets in the plan as of Dec. 31, 2018, according to Comerica's prior 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the Comerica Inc. Preferred Savings Plan had $1.6 billion in assets, according to the new 11-K filing. Also as of that date, the plan had 18 individual mutual fund investment options, eight collective trust funds, two synthetic investment contracts and a common stock fund.
