Urban Outfitters Inc., Philadelphia, added four new investment options to its 401(k) plan lineup in 2018, the company disclosed in its 11-K filing with the SEC.
During 2018, the plan added the J.P. Morgan U.S. Equity Fund, an active domestic large-cap equity fund managed by J.P. Morgan Asset Management; the Rothschild U.S. Small/Mid-Cap CIT Fund, an active domestic smidcap equity fund managed by Rothschild & Co.; the PGIM Core Plus Bond Fund, a core-plus fixed-income fund managed by PGIM Fixed Income; and the Wells Fargo Stable Value Fund, managed by Wells Fargo Asset Management.
The funds had $25 million, $11 million, $2 million and $1 million, respectively, in assets in the plan as of Dec. 31, according to the June 27 filing.
Also during 2018, the plan removed the T. Rowe Price Blue Chip Growth Fund, an active domestic large-cap growth equity fund, and T. Rowe Price Equity Income Fund, an active domestic large-cap value equity fund, both managed by T. Rowe Price Group. The funds had $21 million and $5 million, respectively, in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The plan also removed the DFA U.S. Small Cap Value Fund, an active domestic small-cap value equity fund managed by Dimensional Fund Advisors, and the John Hancock Funds Disciplined Value Mid Cap Fund, an active domestic midcap value equity fund, which each had $3 million in assets in the plan as of Dec. 31, 2017; and removed the Metropolitan West Total Return Bond Fund, a core fixed-income fund managed by TCW Group, and the William Blair Mid Cap Growth Fund, an active domestic midcap growth equity fund managed by William Blair & Co., which had $2 million each.
As of Dec. 31, the Urban Outfitters Inc. 401(k) Savings Plan had $154 million in assets, according to the new 11-K filing. The plan had 10 investment options, a common stock fund and a target-date fund lineup managed by Vanguard Group as of that same date.
Urban Outfitters officials could not be immediately reached to provide further information.
