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WESCO Distribution revises 401(k) plan lineup with 3 new funds

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WESCO Distribution Inc., Pittsburgh, added the Fidelity 500 Index Fund, Hartford World Bond Fund and Undiscovered Managers Behavioral Value Fund to the investment options lineup of its 401(k) plan in 2020.

As of Dec. 31, the passive large-cap domestic equity fund managed by Fidelity Investments, the active domestic small-cap value equity fund managed by J.P. Morgan Asset Management and subadvised by Fuller & Thaler Asset Management, and the active global fixed-income fund managed by Hartford Funds Management Co. and subadvised by Wellington Management, had $56 million, $7 million and $3 million, respectively, in assets in the plan, according to the company’s 11-K filing Monday with the SEC.

A comparison of this year’s 11-K filing and last year’s filing shows the plan removed the Diamond Hill Small Cap Fund and Templeton Global Bond Fund from the lineup in 2020.

As of Dec. 31, 2019, the active domestic small-cap value equity fund managed by Diamond Hill Capital Management and the active global fixed-income fund managed by Franklin Templeton had $7 million and $3 million, respectively, in assets under management, according to the prior 11-K filing.

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

As of Dec. 31, the WESCO Distribution Inc. Retirement Savings Plan had $838 million in assets, according to the new 11-K filing.

Company spokesman Will Ruthrauff could not be immediately reached for further information.