Adtalem Global Education Inc., Chicago, added a series of target-date collective investment trusts managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The plan in 2019 added the Fidelity series of five target-date CITs, which had a total of $228 million in assets in the plan as of Dec. 31, according to a June 26 11-K filing with the SEC.
Also during 2019, the plan removed a similar series of target-date CITs managed by Vanguard Group.
That Vanguard series of six target-date CITs had a total of $193 million in assets in the plan as of Dec. 31, according to the company's prior 11-K filing.
The new filing did not provide a reason for the change.
As of Dec. 31, the Adtalem Global Education Success Sharing Retirement Plan had $465 million in assets, according to the new 11-K filing. As of that same date, the plan had 11 individual mutual fund options and a common stock fund.
Spokesman John Kristoff could not be immediately reached for further information.
