Hewlett Packard Enterprise Co., Houston, added a stable value fund managed by Invesco to the investment options lineup of its 401(k) plan.
The new fund replaced the Vanguard Prime Money Market Institutional Fund in the lineup effective June 1, the company disclosed in its 11-K filing with the SEC on Thursday.
Participants in the money market fund managed by Vanguard Group were automatically mapped to the new fund, the filing said.
The Vanguard Prime Money Market Institutional Fund had $662 million in assets in the plan as of Dec. 31, according to the filing.
The plan had $8.6 billion in total assets as of that date.
Spokeswoman Stefanie Notaney said in an email that the plan’s committee continually evaluates that the portfolio ensures a diversified range of investment funds.
“The change of this fund was carefully scrutinized and consistent with HPE’s overall fund strategy,” she said.
