People's United Financial Inc., Bridgeport, Conn., added the American Century U.S. Mid Cap Value Equity Trust to the investment options lineup of its primary 401(k) plan.
The active domestic midcap value equity fund managed by American Century Investments, added in 2019, had $25 million in assets in the plan as of Dec. 31, according to the company's June 26 11-K filing with the SEC.
The plan also removed the Principal Mid Cap Value Fund III Institutional Class from the lineup in 2019.
That active domestic midcap value equity fund managed by Principal Global Investors had $20 million in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the People's United Bank NA 401(k) Employee Savings Plan had $1.1 billion in assets, according to the new 11-K filing. As of that same date, the plan had 17 investment options, a common stock option, a self-directed brokerage option and a target-date collective investment trust lineup managed by T. Rowe Price Group.
Spokesman Steven Bodakowski could not be immediately reached for further information.