Gibraltar Industries Inc., Buffalo, N.Y., added two equity investment options to the lineup of its 401(k) plan in 2018, the company disclosed in an 11-K filing with the SEC.
The plan added the Fidelity Small Cap Index Fund, a passive domestic small-cap equity fund managed by Fidelity Investments, and the Wasatch Core Growth Fund, an active domestic midcap growth equity fund managed by Wasatch Advisors. The funds had $4 million and $5 million in assets in the plan, respectively, as of Dec. 31, the June 14 filing showed.
Also during 2018, the plan removed two equity investment options: the Loomis Sayles Small Cap Value Fund, an active domestic small-cap value equity fund managed by Loomis, Sayles & Co., and the Victory Munder Mid-Cap Core Growth Fund, an active domestic midcap growth equity fund managed by Victory Capital Management. The funds each had $5 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
As of Dec. 31, the Gibraltar 401(k) Plan had $129 million in assets, according to the 11-K filing. As of that same date, the plan had 18 investment options, a common stock fund, a self-directed brokerage account and a target-date fund lineup managed by Fidelity.
Timothy F. Murphy, chief financial officer, could not be immediately reached to provide further information.
