WPP PLC, London, added three equity investment options to the its 401(k) plan lineup in 2018, the company disclosed in its 11-K filing with the SEC.
The plan added the T. Rowe Price Institutional Mid Cap Equity Growth Fund, an active domestic midcap equity fund managed by T. Rowe Price Group; the Wasatch Core Growth Fund, an active domestic small-cap growth equity fund managed by Wasatch Advisors; and the Vanguard Equity Income Fund, an active domestic large-cap value equity fund managed by Vanguard Group.
The funds had $22 million, $13 million and $1 million, respectively, in assets in the plan as of Dec. 31, according to the June 28 filing.
Also during 2018, the plan removed the BlackRock High Equity Income Investor Fund, an active domestic large-cap value equity fund; and the Fidelity Advisor Small Cap Fund, an active domestic small-cap equity fund managed by Fidelity Investments.
The funds had $28 million and $11 million, respectively, in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the J. Walter Thompson Co. Profit Sharing and Matched Savings Plan had $361 million in assets, according to the new 11-K filing. As of that same date, there were 14 investment options.
Spokesman Kevin McCormack could not be immediately reached to provide further information.
