Nike Inc., Beaverton, Ore., hired Fidelity Investments as record keeper of its 401(k) plan, the company disclosed in an 11-K filing with the Securities and Exchange Commission on Friday.
Fidelity replaced Alight Solutions. A reason for the change was not provided.
As of May 31, the 401(k) Savings and Profit Sharing Plan for Employees of Nike Inc. had $3.7 billion in assets, according to the 11-K filing.
Officials at Nike could not be immediately reached to provide further information.