Lincoln National Corp., Radnor, Pa., added an active international equity collective investment trust managed by Acadian Asset Management to the investment options lineups of its two 401(k) plans.
The CIT was added in 2019 and had a total of $94 million in assets in the two plans as of Dec. 31, according to the company's new 11-K filings with the SEC on June 19.
Also during 2019, the plan removed the Dodge & Cox International Stock Fund from the lineup.
The active international equity mutual fund managed by Dodge & Cox had a total of $82 million in the two plans as of Dec. 31, 2018, according to the company's prior 11-K filing.
The filings did not provide a reason for the change.
As of Dec. 31, the LNC Employees' 401(k) Savings Plan had $2.5 billion in assets, and the LNL Agents' 401(k) Savings Plan had $260 million in assets, according to the new 11-K filings. As of that same date, the plans shared a lineup of 10 individual CITs, two mutual funds, a target-date fund lineup managed by State Street Global Advisors, a self-directed brokerage account and a common stock fund.
Spokesman Scott Sloat declined to comment.
