Tucson Electric Power Co., Tucson, Ariz., added five index funds managed by Vanguard Group and two index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the Vanguard Growth Index, Value Index, Small Cap Index, Small Cap Growth Index and Small Cap Value Index funds had a combined $8 million in assets in the plan, according to the company's 11-K filing Tuesday with the SEC.
Also as of Dec. 31, the Fidelity U.S. Bond Index Fund and Fidelity Mid Cap Growth Index Fund had a combined $9 million in assets in the plan, according to the 11-K filing.
A comparison of this year's and last year's 11-K filings also shows the plan removed three active funds during 2020.
As of Dec. 31, 2019, the T. Rowe Price Blue Chip Growth Fund, an active domestic large-cap growth equity fund managed by T. Rowe Price Group, the Fidelity Intermediate Bond Fund, an active domestic fixed-income fund managed by Fidelity Investments, and the American Beacon Small Cap Value Fund, an active domestic small-cap value equity fund managed by American Beacon Advisors, had $32 million, $12 million and $4 million in assets in the plan, respectively, according to last year's 11-K filing.
The reasons for the changes were not provided in the new 11-K filing.
As of Dec. 31, the Tucson Electric Power Co. 401(k) Plan had $416 million in assets, according to the new 11-K filing.
Company spokesman Joseph Barrios referred questions to the regulatory filings.
