Nicolet Bancshares Inc., Green Bay, Wis., added four investment options to its 401(k) plan lineup in 2018, according to an 11-K filing with the SEC on Friday.
The bank added an active international value equity fund managed by MFS Investment Management, which had $3 million in assets in the plan as of Dec. 31; an active international equity fund and domestic small-cap value equity fund, which had $90,000 and $2 million, respectively, both managed by T. Rowe Price Group, and an active domestic midcap value equity fund managed by Vanguard Group, with $2 million as of Dec. 31.
Removed during 2018 were an active domestic midcap value equity fund managed by Artisan Partners, an active international equity fund managed by Harbor Capital Advisors and subadvised by Marathon Asset Management, and an active domestic small-cap growth equity fund managed by Royce & Associates. The funds had a combined $7 million in assets in the plan as of Dec. 31, 2017, according to the bank's previous 11-K filing.
The reasons for the changes were not provided.
The Nicolet National Bank 401(k) plan had $48 million in assets as of Dec. 31. The plan had 14 investment options and a common stock fund.
Nicolet Bancshares officials could not be immediately reached to provide further information.