MDU Resources Group Inc., Bismarck, N.D., added two investment options to its 401(k) plan in 2018, the company disclosed in an 11-K filing with the SEC.
The plan added the Fidelity Small Cap Index Fund, a passive domestic small-cap equity fund managed by Fidelity Investments, which had $50 million in assets in the plan as of Dec. 31, according to the June 14 filing. The company also added the Principal Diversified Real Asset Fund, managed by Principal Global Investors, with 10 underlying subadvisers. As of Dec. 31, the fund has less than $1 million in assets in the plan.
During 2018, the plan removed the Royce Total Return Fund, an active domestic small-cap core equity fund managed by Royce & Associates. The fund had $33 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
Also during 2018, the plan removed the AllianzGI NFJ Small-Cap Value Fund, an active domestic small-cap value equity fund managed by Allianz Global Investors. The fund had $30 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, MDU Resources Group Inc. 401(k) Retirement Plan had $971 million in assets. It had 12 investment options, a common stock fund and a target-date fund lineup managed by T. Rowe Price Group.
Company spokeswoman Laura Leuder said in an email: "Our company regularly reviews the investment options available to our 401(k) plan participants. We periodically make changes based on certain factors, including fees, performance and diversity of the available investment options."