Trimble Inc., Sunnyvale, Calif., added target-date collective trust funds managed by Fidelity Institutional Asset Management to its 401(k) plan lineup in 2018, the company disclosed in its 11-K filing with the SEC on Tuesday.
The 13 collective trust funds in the lineup had a combined $142 million in assets in the plan as of Dec. 31, according to the filing.
Also during 2018, the plan removed a target-date fund lineup managed by Vanguard Group. The lineup of 11 target-date mutual funds had a combined $149 million in assets in the plan as of Dec. 31, 2017, according to the company's previous 11-K filing.
The reason for the change was not provided.
As of Dec. 31, the Trimble Inc. Savings and Retirement Plan had $537 million in assets, according to the new 11-K filing. The plan had 14 investment options, a self-directed brokerage option, a common stock fund and the Fidelity target-date fund lineup.
Trimble officials could not be immediately reached to provide further information.