Service Corp. International revamps DC lineup - Pensions & Investments

Service Corp. International, Houston, added six new investment options and removed eight others from its 401(k) plan, effective June 30.

The company disclosed the changes in its June 30 11-K filing with the SEC. The funds added, along with those they replaced and the assets in the old funds as of Dec. 31, were:

• The Arrowstreet International Equity ACWI ex-U.S. Fund, managed by Arrowstreet Capital, replacing the American Funds EuroPacific Growth Fund, managed by Capital Group ($8 million in assets in the plan as of Dec. 31), and the DFA Large Cap International I Fund, managed by Dimensional Fund Advisors ($25 million).
• The GW&K U.S. Small/Mid Cap Core Equity Fund, managed by GW&K Investment Management, replacing the Hartford Small Cap Growth HLS IA Fund, managed by Hartford Funds ($18 million), and the J.P. Morgan Small Cap Value Fund, managed by J.P. Morgan Asset Management ($9 million).
• The PGIM Core Plus Bond Fund, managed by PGIM Fixed Income, replacing the PIMCO Total Return Institutional Fund, managed by Pacific Investment Management Co. ($19 million).
• The SSGA Real Asset Fund, managed by State Street Global Advisors, replacing the PIMCO Real Return Fund ($11 million).
• The T. Rowe Price U.S. Structured Research Equity Fund, managed by T. Rowe Price Group, replacing the American Funds AMCAP Fund, managed by Capital Group ($41 million), and the Invesco Diversified Dividend Funds ($24 million), both active domestic large-cap equity funds.
• The Vanguard Total International Stock Index Fund, managed by Vanguard Group, which did not replace any other funds.

The 11-K filing did not provide a specific reason for the changes.

As of Dec. 31, the SCI 401(k) Retirement Savings Plan had $1.1 billion in assets, according to the 11-K filing.

SCI officials could not be immediately reached for further information.

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Service Corp. International revamps DC lineup - Pensions & Investments
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