Astec Industries swaps 2 small-cap equity funds in 401(k) lineup, drops bond fund Astec Industries Inc., Chattanooga, Tenn., added two active domestic small-cap equity funds to the investment options lineup of its 401(k) plan in 2020. As of Dec. 31, the Goldman Sachs Small Cap Value Insights Fund, a value fund managed by Goldman Sachs Asset Management ; and the J.P. Morgan Small Cap Growth Fund, managed by J.P. Morgan Asset Management , had $3 million and $2 million, respectively, in assets in the plan, according to the company''s 11-K filing with the SEC on Wednesday. A comparison of this year''s and last year''s 11-K filings shows the plan also removed three funds from the investment options lineup in 2020. As of Dec. 31, 2019, the Putnam Small Cap Value Fund, an active domestic small-cap value equity fund managed by Putnam Investments; the Pioneer Bond Fund, an active domestic core-plus fixed-income fund managed by Amundi Asset Management; and the PGIM Jennison Small Company Z fund, an active domestic small-cap growth equity fund managed by PGIM Investments and subadvised by Jennison Associates, had $4 million, $3 million and $1 million, respectively, in assets in the plan, according to the prior 11-K filing.