Minerals Technologies Inc., New York, added the Janus Henderson Balanced Fund and Wilmington Large Cap Value Fund to the investment options lineup of its 401(k) plan.
The U.S. asset allocation fund managed by Janus Henderson Investors and the active domestic large-cap value equity fund managed by Wilmington Funds Management were added in 2019 and had $15 million and $6 million in assets in the plan, respectively, as of Dec. 31, according to the company's 11-K filing with the SEC on June 19.
Also during 2019, the plan removed the MainStay Balanced Fund, a U.S. asset allocation fund managed by New York Life Investment Management, and the American Beacon Large Cap Value Fund, an active domestic large-cap value equity fund managed by American Beacon Advisors.
As of Dec. 31, 2018, those funds had $13 million and $5 million in assets in the plan, respectively, according to Minerals Technologies' prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Minerals Technologies Inc. Savings and Investment Plan had $280 million in assets, according to the new 11-K filing. As of that same date, the plan had 17 individual investment options, two common stock funds and a target-date fund lineup managed by State Street Global Advisors.
Spokesman Michael Landau could not immediately provide further information.
