Pinnacle West Capital Corp., Phoenix, added an active domestic large-cap growth equity separate account managed by MFS Investment Management to the investment options lineup of its 401(k) plan in 2019.
The custom investment option had $28 million in assets in the plan as of Dec. 31, according to an 11-K filing with the SEC Tuesday.
Removed from the plan during 2019 was a similar custom separate account managed by HS Management Partners. That investment option had $25 million in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
The reason for the change was not provided.
As of Dec. 31, the Pinnacle West Capital Corp. Savings Plan had $1.3 billion in assets, according to the new 11-K filing.
Company spokesman Alan Bunnell could not be immediately reached for further information.
