Rhode Island State Investment Commission, Providence, added the Boston Trust Walden SMID Cap Fund to the investment options lineup of the state's $454 million 457 plan.
The commission approved the addition of the new fund at its Nov. 21 meeting, recently released meeting minutes show.
The commission at that same meeting approved the removal of the Voya Small Company Fund due to personnel and portfolio construction process changes, according to the minutes. Assets in the Voya fund will be mapped to the Boston Trust Walden fund.
Fidelity Investments, TIAA-CREF and Voya Financial are the 457 plan's record keepers and each has a distinct investment options lineup. The Voya Small Company fund was an investment option in the Voya lineup and had $8 million in assets in the plan as of Nov. 30.
Commission officials could not be immediately reached for further information.