Trinity Industries Inc., Dallas, added a new target-date fund lineup managed by Vanguard Group and one new active domestic small-cap value equity fund managed by Delaware Management Co. and subadvised by Macquarie Investment Management to its 401(k) plan's investment options lineup in 2020.
The company added the lineup of 11 Vanguard target-date funds in the year ended Dec. 31, Trinity Industries spokesman Jack L. Todd confirmed in an email.
The funds had a total of $109 million in assets in the plan, according to an 11-K filing with the SEC on Wednesday.
The plan in 2020 also added the Delaware Small Cap Value Fund, which had $3 million in assets in the plan as of Dec. 31.
In 2020, the plan removed a target-date fund lineup managed by J.P. Morgan Asset Management, a comparison of this year's and last year's 11-K filings shows. As of Dec. 31, 2019, the target-date fund lineup had $107 million in assets in the plan.
Also removed during 2020 was the Victory Integrity Small-Cap Value Fund, an active domestic small-cap value fund managed by Victory Capital Management. That fund had $4 million in assets in the plan as of Dec. 31, 2019.
The reason for the changes was not provided in the new 11-K filing. Mr. Todd referred questions to the filing.
As of Dec. 31, the Trinity Industries Inc. 401(k) Plan had $393 million in assets, according to the new 11-K filing. Also as of that date, the plan had six collective investment trust options, six mutual fund options, a common stock fund and the Vanguard target-date fund lineup.