First Horizon Corp., Memphis, Tenn., hired Loomis, Sayles & Co. as an underlying manager of the U.S. large-cap equity fund in the investment options lineup of its 401(k) plan.
As of Dec. 31, the Loomis Sayles Total Return collective investment trust had $19 million in assets in the plan, according to the company's 11-K filing with the SEC on June 29.
The other underlying manager in the fund is T. Rowe Price Group.
A comparison of this year's 11-K filing and last year's filing shows the plan removed PRIMECAP Management Co. as an underlying manager of the U.S. large-cap equity fund in the 401(k) plan.
As of Dec. 31, 2019, the PRIMECAP Odyssey Growth Fund had $18 million in assets in the plan, according to the prior 11-K filing.
The comparison also shows the plan removed the Dodge & Cox Balance Fund as an investment option during 2020. The asset allocation fund had $49 million in assets in the plan as of Dec. 31, 2019, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the First Horizon Corp. Savings Plan had $844 million in assets, according to the new 11-K filing.
Spokeswoman Beth Ardoin could not be immediately reached for further information.
