Aon Drops Company Stock Fund From Its $5.3B 401(k) Plan

Aon Plc is terminating the company stock fund as an investment option in its $5.3 billion 401(k) plan.

The Aon Stock Fund will be liquidated and removed from the plan by the end of December 2017, the company said in its latest filing with the Securities and Exchange Commission. Employees haven’t been able to contribute to the fund since April, the filing said. Plan participants who currently contribute to the fund, which held $238.3 million in assets as of the end of 2016, will need to select a different investment option, the company said.

Aon eliminated the option to invest ...