A.O. Smith Corp., Milwaukee, added a target-date fund lineup managed by T. Rowe Price Group to the investment options lineup of its 401(k) plan.
The lineup of 11 target-date funds, which was added in 2019, had a total of $106 million in assets in the plan as of Dec. 31, according to the company's 11-K filing with the SEC on Wednesday.
Also during 2019, the plan removed a similar target-date fund lineup managed by BMO Global Asset Management.
As of Dec. 31, 2018, that lineup of 10 target-date funds had a total of $85 million in assets in the plan, according to A.O. Smith's prior 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the A.O. Smith Retirement Security Plan had $459 million in assets, according to the new 11-K filing. As of that same date, the plan had eight individual mutual fund options, six collective investment trust options and the T. Rowe Price target-date fund lineup.
A.O. Smith spokeswomen Heather King and Courtney Sims could not be immediately reached for further information.
