Zoetis Inc., Parsippany, N.J., added two domestic midcap equity investment options to its 401(k) plan lineup in 2018, the animal health-care company disclosed in its 11-K filing with the SEC.
During 2018, the plan added the Parnassus Mid Cap Fund, an active domestic midcap equity fund managed by Parnassus Investments, and the Pioneer Select Mid Cap Growth Fund, an active domestic midcap growth equity fund managed by Amundi Pioneer Asset Management.
The funds had $35 million and $26 million, respectively, in assets in the plan as of Dec. 31, according to the June 27 filing.
Also during 2018, the plan removed the PGIM Jennison Mid-Cap Growth Equity Fund, an active domestic midcap equity fund managed by PGIM Investments and subadvised by Jennison Associates, and the Clearbridge Mid Cap Core Fund, an active domestic midcap equity fund managed by Clearbridge Investments.
The funds had $42 million and $32 million, respectively, in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
As of Dec. 31, the Zoetis Savings Plan had $1 billion in assets, according to the new 11-K filing. Also as of that date, the plan had 18 investment options, a common stock fund, a self-directed brokerage option and a target-date fund lineup managed by Vanguard Group.
Spokeswoman Kristen Seely could not be immediately reached to provide further information.