Old Republic International Corp., Chicago, added a target-date fund series managed by Pacific Investment Management Co. to the investment options lineup of its 401(k) plan.
The insurer added the 10 PIMCO RealPath Blend target-date funds during 2023, according to a comparison of its 11-K filing with the SEC on June 28 and last year’s filing.
As of Dec. 31, the target-date funds had a total of $536 million in assets in the plan, according to the new 11-K filing.
Also during 2023, the company removed a series of 14 target-date funds managed by Fidelity Investments, according to the comparison of the new 11-K filing and last year’s filing.
As of Dec. 31, 2022, the Fidelity Freedom funds had a total of $463 million in assets in the plan, according to last year’s filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the ORI 401(k) Savings and Profit Sharing Plan had $1.9 billion in assets, according to the new 11-K filing.
