Acme Building Brands Inc., Fort Worth, Texas, added five investment options to its 401(k) plan in 2020.
The plan added an active domestic large-cap growth equity fund managed by AllianceBernstein and an active international equity fund managed by MFS Investment Management, and three index funds managed by Fidelity Investments, according to the Berkshire Hathaway subsidiary's 11-K filing with the SEC on June 11.
As of Dec. 31, the AllianceBernstein Large Cap Growth Fund and MSF International Diversification Fund had $13 million and $7 million, respectively, in assets in the plan, according to the filing.
Also as of that date, the Fidelity 500 Index Fund, Fidelity International Bond Index Institutional Fund and Fidelity U.S. Bond Index Fund had $11 million, $3 million and $1 million, respectively, in assets in the plan, the filing said.
The plan also removed five investment options during 2020, a comparison of this year's and last year's filings shows.
The plan removed the American Funds Growth Fund of America, an active domestic large-cap growth equity fund managed by Capital Group, and the Harding Loevner International Fund, an active international equity fund managed by Harding Loevner.
Those funds had $11 million and $6 million, respectively, in assets in the plan as of Dec. 31, 2019, according to last year's filing.
The plan also removed the Vanguard 500 Index Fund Admiral Class, the BlackRock MSCI-ACWI ex-U.S. index fund and the BlackRock U.S. Debt Index Fund Non-Lending.
Those funds had $10 million, $3 million and $3 million, respectively, in assets in the plan as of Dec. 31, 2019, according to last year's filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Acme Brick Co. 401(k) Retirement & Savings Plan had $122 million in assets, according to the new 11-K filing.
Carol A. Kiburz, vice president of human resources, could not be immediately reached for further information.
