Avient Corp., Avon Lake, Ohio, added four index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The company, formerly PolyOne Corp., added the funds in 2019: the Fidelity 500 Index Fund, Fidelity U.S. Bond Index Fund, Fidelity Extended Market Index Fund and Fidelity Total International Index Fund.
As of Dec. 31, the funds had $77 million, $13 million, $11 million and $5 million in assets in the plan, respectively, according to the company's June 26 11-K filing with the SEC.
Also during 2019, the plan removed four index funds managed by Vanguard Group: the Vanguard Institutional Index Fund, Vanguard Extended market Index Fund, Vanguard Total Bond Market Index Fund and Vanguard Total International Stock Index Fund.
As of Dec. 31, 2018, those funds had $61 million, $8 million, $7 million and $5 million in assets in the plan, respectively, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the PolyOne Retirement Savings Plan had $595 million in assets, according to the new 11-K filing.
Spokeswoman Michelle Maniscalco and spokesman Kyle G. Rose could not be immediately reached for further information.
