Aflac Inc., Columbus, Ga., added six mutual funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the Fidelity Balanced Fund, Fidelity 500 Index Fund, Fidelity Total Bond Fund, Fidelity Extended Market Index Fund, Fidelity U.S. Bond Index Fund and Fidelity Global ex-U.S. Index Fund had $82 million, $54 million, $10 million, $8 million, $7 million and $5 million, respectively, in assets in the plan, according to the insurer's 11-K filing with the SEC on June 29.
The plan also added the Vanguard Equity Income Fund, an active domestic large-cap value equity fund managed by Vanguard Group, and the T. Rowe Price Small-Cap Value Fund, an active domestic small-cap value equity fund managed by T. Rowe Price Group, which had $24 million and $6 million, respectively, in assets in the plan as of Dec. 31, according to the filing.
A comparison of the new 11-K filing and last year's filing shows the plan removed eight mutual funds from the investment options lineup of the plan in 2020.
The funds, and their assets in the plan as of Dec. 31, 2019 according to the prior 11-K filing, were:
- T. Rowe Price Balanced Fund, $73 million.
- Vanguard Institutional Index Fund, $50 million.
- T. Rowe Price Equity Income Fund, $27 million.
- MetWest Total Return Bond Fund, $8 million.
- Vanguard Extended Market Index Fund, $7 million.
- Glenmede Small Cap Equity Institutional Fund, $5 million.
- Vanguard Total Bond Market Index Fund, $5 million.
- Vanguard Total International Stock Index Fund, $4 million.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Aflac Inc. 401(k) Savings and Profit Sharing Plan had $659 million in assets, according to the new 11-K filing.
Spokeswoman Ines Gutzmer could not be immediately reached for further information.