Valmont Industries Inc., Valley, Neb., added two new investment options to its 401(k) plan during 2018, the company disclosed in an 11-K filing with the SEC.
The plan added the Fidelity Investments' S&P 500 index fund, and a core-plus fixed-income fund managed by PGIM Fixed Income. The funds had $17 million and $15 million, respectively, in assets in the plan as of Dec. 31, according to the filing.
Also during 2018, the plan removed PGIM Fixed Income's Total Return Bond Fund, Vanguard Group's Institutional Index Fund and Fidelity Investment's Capital Appreciation Fund.
The funds had $18 million, $14 million and $3 million, respectively, in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reasons for the changes were not provided.
As of Dec. 31, the Valmont Employee Retirement Savings Plan had $425 million in assets, according to the June 27 filing. The plan had 13 investment options, a common stock fund and a target-date fund lineup managed by Vanguard Group as of that date.
Company spokeswoman Renee Campbell could not be immediately reached to provide further information.