Comerica Inc., Dallas, added the J.P. Morgan U.S. Value Fund and Goldman Sachs Emerging Markets Equity Insights Fund to the investment options lineup of its 401(k) plan in 2022, according to a comparison of its May 25 11-K filing with the SEC and last year's filing.
As of Dec. 31, the active domestic large-cap value equity fund managed by J.P. Morgan Asset Management and the active emerging markets equity fund managed by Goldman Sachs Asset Management had $66 million and $15 million, respectively, in assets in the plan.
The two investment options were not included in the prior year's filings.
Also according to the comparison between this year's and last year's filings, the plan removed the Invesco Diversified Dividend Fund, an active domestic large-cap value equity fund, and Invesco Developing Markets Fund, an active emerging markets equity fund, which had $58 million and $20 million, respectively, in assets in the plan as of Dec. 31, 2021.
The new filing did not provide any reason for the change. Spokesman Louis H. Mora said in an email: “Comerica is committed to periodically reviewing the funds in our Preferred Savings Plan to ensure it provides participants a range of investments to meet their retirement goals.”
As of Dec. 31, the Comerica Inc. Preferred Savings Plan had $1.6 billion in assets, according to the new 11-K filing.
