Nordson Corp., Westlake, Ohio, added five new equity investment options to its 401(k) plan lineup in 2018, the company disclosed in an 11-K filing with the SEC.
Four of the new funds were passive investment options managed by Northern Trust Asset Management: the Northern Trust S&P 500 Index Fund, which had $57 million in assets in the plan as of Dec. 31, according to the June 26 filing; the Northern Trust Collective Extended Equity Market Index Fund, which had $17 million; and the Northern Trust Collective All Country World Index Fund and Northern Trust Collective All Country World Index ex-U.S. Fund, which each had less than $1 million.
The plan also added the Wellington SMID Cap Research Equity Portfolio, an active domestic smidcap equity fund managed by Wellington Management, which had $26 million in assets in the plan as of Dec. 31.
Also during 2018, the plan removed three funds: the MainStay MacKay S&P 500 Index Fund, managed by New York Life Investment Management and subadvised by Mackay Shields, which had $60 million in assets in the plan as of Dec. 31, 2017, according to the previous 11-K filing; the Baron Small Cap Fund, an active domestic small-cap growth equity fund managed by Baron Capital Group, which had $30 million; and the Vanguard Mid-Cap Index Fund, which had $22 million and is managed by Vanguard Group.
The reasons for the changes were not provided.
As of Dec. 31, the Nordson Employees' Savings Trust Plan had $483 million in assets, according to the new 11-K filing.
Spokesman Scott Wilburn could not be immediately reached to provide further information.