Olin Corp., Clayton, Mo., added American Funds New Perspective Fund and Western Asset Core Plus Bond CIT to the investment options lineup of its 401(k) plan.
The chemical manufacturing company added the funds in 2021, according to a comparison of its new 11-K filing with the SEC on Tuesday and last year's filing.
As of Dec. 31, the active global large-cap equity fund managed by Capital Group and active domestic core-plus fixed-income collective investment trust managed by Western Asset Management had $44 million and $33 million, respectively, in assets in the plan, according to the new 11-K filing.
The comparison of this year's and last year's filings also shows the plan in 2021 removed the Templeton Global Bond Fund, an active global fixed-income fund managed by Franklin Templeton; and the GMO Absolute Return Strategy, an asset allocation fund managed by Grantham, Mayo, van Otterloo & Co. Those funds had $5 million and $2 million, respectively, in assets in the plan as of Dec. 31, 2020, according to last year's 11-K filing.
The reasons for the changes were not provided in the new 11-K filing.
As of Dec. 31, the Olin Corp. Contributing Employee Ownership Plan had $1.3 billion in assets, according to the new 11-K filing.
Olin officials could not be immediately reached for further information.
