Marsh & McLennan Cos. Inc., New York, added the T. Rowe Price Small & Mid Cap Core Trust to the investment options lineups of its two 401(k) plans in 2020, confirmed company spokeswoman Amelia Woltering.
As of Dec. 31, the active domestic smidcap core equity collective investment trust managed by T. Rowe Price Group had a total of $613 million in assets in the two plans, according to the company’s 11-K filing with the SEC on June 25.
Ms. Woltering said the CIT replaced the T. Rowe Price Mid Cap Growth Fund, Goldman Sachs Small Cap Value Fund and the Vanguard Selected Value Fund.
As of Dec. 31, 2019, the active domestic midcap growth equity fund managed by T. Rowe Price Group, active domestic small-cap value equity fund managed by Goldman Sachs Asset Management and the active domestic midcap value equity fund managed by Vanguard Group had $366 million, $126 million and $108 million, respectively, in assets in the plan, according to the prior 11-K filings.
Ms. Woltering said the company cannot comment on the reasons for the changes, which were approved by the MMC Benefit Investment Committee.
As of Dec. 31, the Marsh & McLennan Cos. 401(k) Savings & Investment Plan had $5.9 billion in assets and the Marsh & McLennan Agency 401(k) Savings & Investment Plan had $803 million in assets, according to the new 11-K filings.