J.B. Hunt Transport Services Inc., Lowell, Ark., added two investment options to its 401(k) plan lineup during 2018, the company disclosed in its 11-K filing with the SEC.
The plan added the Vanguard Equity Income fund, an active domestic large-cap value equity fund managed by Vanguard Group, and the PIMCO Income Institutional Fund, a multisector fixed-income fund managed by Pacific Investment Management Co.
The funds had $39 million and $3 million, respectively, in assets in the plan as of Dec. 31, according to the June 21 filing.
Also during 2018, the plan removed the Invesco Diversified Dividend Fund, an active domestic large-cap value equity fund. That fund had $29 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the J.B. Hunt Transport Services Inc. Employee Retirement Plan had $723 million in assets, according to the new 11-K filing, with 17 investment options and a common stock fund.
David G. Mee, executive vice president, finance/administration and chief financial officer, could not be immediately reached to provide further information.
