W.R. Berkley Corp., Greenwich, Conn., added three index fund collective investment trusts managed by State Street Global Advisors to the investment options lineup of its profit-sharing plan.
The company in 2019 added the State Street S&P 500 Index Securities Lending Series Fund, State Street Global All Cap Equity ex-U.S. Index Securities Lending Series Fund and State Street U.S. Bond Index Securities Lending Series Fund.
Those CITs had $91 million, $37 million and $17 million in assets in the plan, respectively, according to the company's June 30 11-K filing with the SEC.
Also during 2019, the plan removed three index mutual funds managed by Vanguard Group.
The Vanguard Institutional Index Fund Institutional Shares, Vanguard Total International Stock Index Fund Institutional Shares and Vanguard Total Bond Market Index Fund Admiral Shares had $70 million, $14 million and $12 million in assets in the plan, respectively, as of Dec. 31, 2018, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the W.R. Berkley Corp. Profit Sharing Plan had $1.4 billion in assets, according to the new 11-K filing. As of that same date, the plan had 10 individual mutual fund options, six individual CIT options, a money market fund, common stock fund and a lineup of target-date CITs managed by Fidelity Institutional Asset Management.
Spokeswoman Karen A. Horvath could not be immediately reached for further information.