Goldman Sachs Group Inc., New York, removed two mutual funds from the investment options lineup of its 401(k) plan in 2020.
The bank issued its 11-K filing with the SEC on Wednesday, and two mutual funds listed as options in the prior 11-K filing were no longer listed.
As of Dec. 31, 2019, the Ashmore Emerging Markets Local Currency Bond Fund, an active emerging markets debt fund managed by Ashmore Group; and AQR Equity Market Neutral Fund, a market-neutral equity fund managed by AQR Capital Management, had $29 million and $28 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the removals of the two funds.
According to the new 11-K filing, the Goldman Sachs 401(k) Plan had $9.4 billion in assets as of Dec. 31.
Goldman Sachs spokeswoman Leslie Shribman could not be immediately reached for further information.