MasTec Inc., Coral Gables, Fla., added three equity investment options to its 401(k) plan lineup in 2018, the company disclosed in its 11-K filing with the SEC on Wednesday.
The plan added the MFS International Diversification Fund and MFS International Growth Fund, both managed by MFS Investment Management. The funds had $8 million and $3 million in assets in the plan, respectively, as of Dec. 31, according to the filing.
The plan also added the Janus Henderson Small Cap Value Fund, an active domestic small-cap value equity fund managed by Janus Henderson Investors, which had $6 million in assets in the plan as of Dec. 31, according to the filing.
Also during 2018, the plan removed the Lazard International Strategic Equity Portfolio Fund, an active international equity fund managed by Lazard Asset Management, which had $9 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The plan also removed the J.P. Morgan Small Cap Value Fund, an active domestic small-cap value equity fund managed by J.P. Morgan Asset Management, which had $7 million in assets in the plan as of Dec. 31, 2017; the Invesco Oppenheimer International Growth Fund, an active international equity fund, $3 million; and the Voya SmallCap Opportunities Fund, an active domestic small-cap equity fund managed by Voya Investment Management, $3 million.
The reason for the changes was not provided.
As of Dec. 31, the MasTec Inc. 401(k) Retirement Plan had $187 million in assets, according to the new 11-K filing. As of that same date, the plan had 21 investment options.
J. Marc Lewis, vice president, investor relations, could not be immediately reached to provide further information.
