ArcBest Corp., Fort Smith, Ark., removed the Invesco Oppenheimer International Growth Fund from the investment options lineup of its 401(k) plan.
The active international equity fund managed by Invesco had $23 million in assets in the plan as of Dec. 31, 2018, according to the company's June 2019 11-K filing with the SEC.
In a new 11-K filing Wednesday, the fund no longer appears in the investment options lineup.
No replacement was included, but the Vanguard Developed Markets Index Fund's assets in the plan increased to $51 million as of Dec. 31 from $15 million a year earlier.
The new filing did not provide a reason for the removal of the Invesco fund.
As of Dec. 31, the ArcBest 401(k) and DC Retirement Plan had $532 million in assets, according to the new 11-K filing. As of that same date, the plan had 13 individual investment options, four variable annuity funds, a common stock fund, stable value collective fund, self-directed brokerage option and a target-date fund lineup managed by Vanguard Group.
David Humphrey, vice president-investor relations, could not be immediately reached to provide further information.
