SAP America Inc., Newtown Square, Pa., added the BlackRock Mid-Cap Growth Equity Trust to the investment options lineup of its 401(k) plan.
The company added the active domestic midcap growth equity collective investment trust in 2022, according to a comparison of its June 23 11-K filing and last year's filing.
As of Dec. 31, the BlackRock CIT had $29 million in assets in the plan, according to the new filing.
The comparison also shows the plan removed a similar investment option, the Hartford MidCap HLS Fund, a mutual fund, from the lineup in 2022.
As of Dec. 31, 2021, the active domestic midcap growth equity fund managed by Hartford Funds Management Co. and subadvised by Wellington Management had $45 million in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the SAP America Inc. 401(k) Plan had $6.4 billion in assets, according to the new 11-K filing.
Spokeswoman Joellen Perry could not be immediately reached for further information.
