Zoetis Inc., Parsippany, N.J., added four new investment options to its 401(k) plan lineup and removed four others.
The changes were completed in 2022, according to a comparison of the animal healthcare company's June 26 11-K filing and last year's filing.
The comparison shows the company added the Columbia Trust Dividend Income Fund Institutional 300, an active domestic large-cap value collective investment trust managed by Columbia Threadneedle Investments; Vanguard Explorer Fund, an active domestic small-cap growth equity fund managed by Vanguard Group; BlackRock Mid Cap Growth Equity Fund, an active domestic midcap growth equity fund; and the American EuroPacific Growth Fund, an active international equity fund managed by Capital Group.
As of Dec. 31, the new investment options had $55 million, $44 million, $40 million and $14 million, respectively, in assets in the plan, according to the new 11-K filing.
The comparison also shows that during 2022 the company removed the Pioneer Select Mid Cap Growth Fund, an active domestic midcap growth equity fund managed by Amundi Asset Management; TRP Integrated U.S. Small-Cap Growth Equity Fund, an active domestic small-cap growth equity fund managed by T. Rowe Price; Invesco Diversified Dividend Fund, an active domestic large-cap value equity fund; and the Invesco Developing Markets Fund, an active emerging markets equity fund.
As of Dec. 31, 2021, those investment options had $63 million, $58 million, $55 million and $18 million, respectively, in assets in the plan, according to last year's 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Zoetis Savings Plan had $1.5 billion in assets, according to the new 11-K filing.
Zoetis officials could not be immediately reached for further information.