Gray Television Inc., Atlanta, added a new target-date fund series managed by Capital Group to its 401(k) plan lineup during 2018, the company disclosed in its 11-K filing with the SEC.
The American Funds series of 10 target-date funds had a total of more than $1 million in assets in the plan as of Dec. 31, according to the June 27 filing. There was no target-date fund lineup listed in the company's previous 11-K filing.
Also during 2018, the plan added the AB Large Cap Growth Fund, an active domestic large-cap growth equity fund managed by AllianceBernstein, which had $5 million in assets in the plan as of Dec. 31.
Also during 2018, the plan removed the Clearbridge Aggressive Growth Fund, an active domestic large-cap growth equity fund managed by ClearBridge Investments. That fund had $6 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 Gray Television Inc. Capital Accumulation Plan had $149 million in assets. As of that same date, the plan had 19 investment options, a common stock fund and the American Funds target-date fund lineup.
Kevin P. Latek, executive vice president, chief legal and development officer, could not be immediately reached to provide further information.