Perrigo Co., Allegan, Mich., added a target-date fund series managed by Vanguard Group and changed the global fixed-income fund offered in the investment options lineup of its 401(k) plan.
The company added the series of 12 Vanguard target-date fund series and the American Funds Capital World Bond Fund, managed by Capital Group, in 2022, according to a comparison of its June 20 11-K filing and last year's filing.
The plan did not list any target-date funds in the prior 11-K filing. As of Dec. 31, the Vanguard target-date funds had a total of $343 million in assets in the plan, according to the new 11-K filing.
The American Fund had $3 million in assets in the plan as of that date, according to the new 11-K filing.
The comparison of this year's and last year's filing also shows the company in 2022 removed the PIMCO Global Bond Opportunities Fund (Unhedged) from the lineup.
As of Dec. 31, 2021, the global fixed-income fund managed by Pacific Investment Management Co. had $20 million in assets in the plan, according to last year's filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Perrigo Co. Profit-Sharing and Investment Plan had $820 million in assets, according to the new 11-K filing.
Spokesman Bradley Joseph could not be immediately reached for further information.