Bank First Corp., Manitowoc, Wis., added a target-date fund lineup managed by BlackRock to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the lineup of 10 BlackRock LifePath index funds had a total of $15 million in assets in the plan, said Kevin M. LeMahieu, chief financial officer, in an email.
As of Dec. 31, the lineup of 10 BlackRock LifePath index funds had a total of $15 million in assets in the plan, according to the company’s 11-K filing Monday with the SEC.
The target-date funds replace a similar lineup managed by Vanguard Group, Mr. LeMahieu confirmed. He said the change was made due to a change in the plan’s third-party administrator. He did not provide further information.
As of Dec. 31, 2019, the lineup of 12 Vanguard Target Retirement funds had a total of $11 million in assets of the plan, according to the prior 11-K filing.
As of Dec. 31, the Bank First Retirement Plan had $51 million in assets, according to the new 11-K filing.
