ITT Inc., Stamford, Conn., added a target-date fund series managed by State Street Global Advisors to the investment options lineup of its 401(k) plan.
The industrial equipment company added the series of 11 target-date funds during 2021, according to a comparison of its 11-K filing with the SEC on June 24 and last year's filing.
As of Dec. 31, the 11 State Street target-date funds had a total of $291 million in assets in the plan, according to the new 11-K filing.
The comparison also showed the plan removed a similar target-date fund series managed by J.P. Morgan Asset Management during 2021.
As of Dec. 31, 2020, the series of 10 J.P. Morgan target-date funds had a total of $274 million in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the ITT Retirement Savings Plan had $602 million in assets, according to the new 11-K filing.
ITT spokeswoman Kellie Harris could not be immediately reached for further information.
