Dunkin' Brands Group Inc., Canton, Mass., added five passive investment options managed by Fidelity Investments and a new target-date fund series managed by T. Rowe Price Group to its 401(k) plan lineup during 2018, confirmed Justin Drake, company spokesman, in an email.
The plan during 2018 added the Fidelity 500 Index, Fidelity Global ex-U.S. Index, Fidelity Mid Cap Index, Fidelity Small Cap Index and Fidelity U.S. Bond Index funds, according to an 11-K filing with the SEC on June 21. The Fidelity funds had a total of $39 million in assets in the Dunkin plan as of Dec. 31, according to the filing.
The plan also added a target-date fund series managed by T. Rowe Price Group. As of Dec. 31, the series had slightly more than $1 million of assets in the plan. The previous 11-K filing did not show a target-date series offered by the plan.
Also during 2018, the plan removed two passive equity investment options: the Columbia Mid Cap Index and Columbia Small Cap Index funds, managed by Columbia Threadneedle Investments, which had $5 million and $4 million, respectively, of assets in the plan as of Dec. 31, 2017, according to the previous 11-K filing.
The plan also removed the Vanguard Institutional Index, the Vanguard Total Bond Market Index and Vanguard Total International Stock Index funds, all managed by Vanguard Group. Those funds had $22 million, $5 million and $5 million of assets in the 401(k) plan, respectively, as of Dec. 31, 2017.
Mr. Drake said the changes were made "primarily to reduce participant fees and expenses."
As of Dec. 31, the Dunkin' Brands 401(k) Retirement Plan had $196 million in assets, according to the new 11-K filing, with 23 investment options, a common stock fund and the T. Rowe Price target-date fund lineup.