Umpqua Holdings Corp., Portland, Ore., added the Fidelity Blue Chip Growth Fund to the investment options lineup of its 401(k) plan in 2018, the company disclosed in an 11-K filing with the SEC.
The active domestic large-cap growth equity fund managed by Fidelity Investments had $10 million in assets in the plan as of Dec. 31, according to the June 27 filing.
Also during 2018, the plan removed the MainStay Large Cap Growth Fund, an active domestic large-cap growth equity fund managed by New York Life Investment Management and subadvised by Winslow Capital Management.
That fund had $7 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the change was not provided.
As of Dec. 31, the Umpqua Bank 401(k) and Profit Sharing Plan had $315 million in assets, according to the new 11-K filing. Also as of that date, the plan had 16 investment options, a common stock fund, a self-directed brokerage option and a target-date fund lineup managed by J.P. Morgan Asset Management.
Company spokesman Drew K. Anderson could not be immediately reached to provide further information.