Ensco International Inc., Houston, added a target-date fund lineup managed by BlackRock to its 401(k) plan lineup during 2018, the company disclosed in an 11-K filing with the SEC.
The 10 Lifepath Index collective investment trusts had combined assets in the plan of $180 million as of Dec. 31, according to the Monday filing.
The plan removed a target-date fund lineup managed by T. Rowe Price Group. The 13 collective investment trusts had combined assets in the plan of $172 million 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 Ensco Savings Plan had $467 million in assets, according to the new 11-K filing. As of that date, the plan had 10 investment options in addition to the BlackRock Lifepath index funds.
Nick Georgas, company spokesman, could not be immediately reached to provide further information.
