Gray Television Inc., Atlanta, added the J.P. Morgan Investor Growth and Income Fund to the investment options lineup of its 401(k) plan.
The active domestic large-cap equity fund managed by J.P. Morgan Asset Management, added in 2019, had $3 million in assets in the plan as of Dec. 31, according to the company's June 29 11-K filing with the SEC.
Also during 2019, the plan removed the Virtus Ceredex Large-Cap Value Equity fund. That active domestic large-cap value equity fund managed by Virtus Fund Advisers and subadvised by Ceredex Value Advisors had $1 million in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the Gray Television Inc. Capital Accumulation Plan had $334 million in assets, according to the new 11-K filing. Also as of that same date, the plan had 19 investment options, a common stock fund and a target-date fund lineup managed by Capital Group.
Gray Television officials could not be immediately reached for further information.