Pioneer Natural Resources switches large-cap growth funds for 401(k) plan
Pioneer Natural Resources Co., Irving, Texas, added the AB Large Cap Growth Fund to the investment options lineup of its 401(k) plan. The oil and gas company added the active domestic large-cap growth equity fund managed by AllianceBernstein during 2021, according to a comparison of its 11-K filing with the SEC on June 28 and last year''s filing. As of Dec. 31, the AB fund had $71 million in assets in the plan, according to the new 11-K filing. The comparison also shows the plan removed the Vanguard PRIMECAP Fund from the lineup during 2021. As of Dec. 31, the active domestic large-cap equity fund managed by Vanguard Group and subadvised by PRIMECAP Management Co. had $60 million in assets in the plan, according to the prior 11-K filing. The new 11-K filing did not provide a reason for the change. As of Dec. 31, the Pioneer Natural Resources USA Inc. 401(k) and Matching Plan had $796 million in assets, according to the new 11-K filing. Company spokesman Tadd Owens could not be immediately reached for further information.
Pioneer Natural Resources switches large-cap growth funds for 401(k) plan
Pioneer Natural Resources Co., Irving, Texas, added the AB Large Cap Growth Fund to the investment options lineup of its 401(k) plan. The oil and gas company added the active domestic large-cap growth equity fund managed by AllianceBernstein during 2021, according to a comparison of its 11-K filing with the SEC on June 28 and last year''s filing. As of Dec. 31, the AB fund had $71 million in assets in the plan, according to the new 11-K filing. The comparison also shows the plan removed the Vanguard PRIMECAP Fund from the lineup during 2021. As of Dec. 31, the active domestic large-cap equity fund managed by Vanguard Group and subadvised by PRIMECAP Management Co. had $60 million in assets in the plan, according to the prior 11-K filing. The new 11-K filing did not provide a reason for the change. As of Dec. 31, the Pioneer Natural Resources USA Inc. 401(k) and Matching Plan had $796 million in assets, according to the new 11-K filing. Company spokesman Tadd Owens could not be immediately reached for further information.