Pentair Inc., Golden Valley, Minn., added a target-date fund series managed by Vanguard Group to the investment options lineup of its 401(k) plan.
The company added the Vanguard target-date funds to its plan in 2022, according to a comparison of its June 26 11-K filing and last year's filing.
As of Dec. 31, the 12 target-date funds had a total of $288 million in assets in the plan, according to the new 11-K filing.
The comparison also shows the company removed a similar series of target-date funds managed by J.P. Morgan Asset Management from the lineup in 2022.
As of Dec. 31, 2021, the 10 J.P. Morgan SmartRetirement target-date funds had a total of $324 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 Pentair Inc. Retirement Savings and Stock Incentive Plan had $694 million in assets, according to the new 11-K filing.
Pentair officials could not be immediately reached for further information.