Goldman Sachs Group Inc., New York, removed the Guggenheim High Yield Fund from the investment options lineup of its 401(k) plan.
The financial services company removed the high-yield fixed-income fund managed by Guggenheim Investments during 2022, a Goldman Sachs spokesman confirmed.
As of Dec. 31, 2021, the Guggenheim fund had $123 million in assets in the plan, according to last year’s 11-K filing.
The fund was not listed as an investment option in the company’s June 16 11-K filing with data as of Dec. 31. The spokesman said the change came following a routine review of the plan.
As of March 31, the Guggenheim High Yield Fund's total assets across all share classes was $183 million, according to its website.
As of Dec. 31, the Goldman Sachs 401(k) Plan had $9.6 billion in assets, according to its new 11-K filing.