Dover Corp., Downers Grove, Ill., added new fixed-income and international equity collective investment trusts to the investment options lineup of its 401(k) plan in 2020, confirmed spokesman Adrian Sakowicz in an email.
As of Dec. 31, the PGIM Core Plus Bond CIT, an active domestic core-plus fixed-income trust managed by PGIM Fixed Income, and an active international equity CIT managed by GQG Partners, had $43 million and $30 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Tuesday.
A comparison of this year's 11-K filing and last year's filing shows the plan also removed two CITs managed by Wells Fargo Asset Management from the investment options lineup.
As of Dec. 31, 2019, the Wells Fargo Core Bond CIT and Wells Fargo Causeway International Value CIT (the latter is subadvised by Causeway Capital Management), had $41 million and $34 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Dover Corp. Retirement Savings Plan had $1.6 billion in assets, according to the new 11-K filing.