PNM Resources Inc., Albuquerque, N.M., added the J.P. Morgan Large Cap Growth Fund and Acadian All Country World ex-U.S. Equity collective investment trust to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the active domestic large-cap growth equity fund managed by J.P. Morgan Asset Management and the active international equity CIT managed by Acadian Asset Management had $82 million and $42 million, respectively, in assets in the plan, according to the company's 11-K filing Monday with the SEC.
A comparison of this year's 11-K filing and last year's filing shows the plan removed the Vanguard PRIMECAP Fund and the Pzena International Value All-Country (ex-U.S.) CIT from the lineup in 2020.
As of Dec. 31, 2019, the active domestic large-cap equity fund managed by Vanguard Group and active international value equity CIT managed by Pzena Investment Management had $85 million and $41 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the PNM Resources Inc. Retirement Savings Plan had $817 million in assets, according to the new 11-K filing.
Company spokesman Raymond Sandoval could not be immediately reached for further information.