Donaldson Co. Inc., Minneapolis, added the Boston Partners Large Cap Value collective investment trust to the investment options lineup of its 401(k) plan in 2018, the company disclosed in its 11-K filing with the SEC on Wednesday.
The active domestic large-cap value equity CIT had $26 million in assets in the plan as of Dec. 31, according to the filing.
Removed during 2018 was the John Hancock Disciplined Value Fund, an active domestic large-cap value equity fund managed by John Hancock Advisers and subadvised by Boston Partners. That fund had $30 million in assets in the 401(k) plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the change was not provided.
As of Dec. 31, the Donaldson Co. Inc. Retirement Savings and Employee Stock Ownership Plan had $565 million in assets, according to the new 11-K filing. As of that same date, the plan had 14 investment options, a self-directed brokerage account and a target-date fund lineup managed by J.P. Morgan Asset Management.
Spokesman Brad Pogalz could not be immediately reached to provide further information.