Crane Co., Stamford, Conn., added the JPMorgan Large Cap Growth Fund and Fidelity Total Bond Fund to the investment options lineup of its 401(k) plan.
The company added the active domestic large-cap growth equity fund managed by J.P. Morgan Asset Management and the active domestic core-plus fixed-income fund managed by Fidelity Investments during 2023, according to a comparison of its 11-K filing with the SEC on June 17 and last year’s filing.
As of Dec. 31, the J.P. Morgan and Fidelity funds had $93 million and $11 million, respectively, in assets in the plan, according to the new 11-K filing.
Also during 2023, the company removed the T. Rowe Price Blue Chip Growth Fund and the PIMCO Total Return Fund from the lineup, according to the comparison of this year’s and last year’s 11-K filings.
As of Dec. 31, 2022, the active domestic large-cap growth equity fund managed by T. Rowe Price Group and the active domestic core-plus fixed-income fund managed by Pacific Investment Management Co. had $77 million and $13 million, respectively, in assets in the plan, according to last year’s 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Crane Savings and Investment Plan had $1.1 billion in assets, according to the new 11-K filing.
