Bank of Montreal, Toronto, added four asset allocation collective investment trusts managed by BlackRock to the investment options lineup of its 401(k) plan in 2021.
The bank added the BlackRock 80/20 Target Allocation Fund, BlackRock 60/40 Target Allocation Fund, BlackRock 40/60 Target Allocation Fund and BlackRock 20/80 Target Allocation Fund to the lineup during 2021, according to a comparison of its 11-K filing with the SEC on June 24 and last year's filing.
As of Dec. 31, the BlackRock target allocation funds had $127 million, $51 million, $20 million and $18 million, respectively, in assets in the plan, according to the new 11-K filing.
The plan also removed five mutual funds managed by BMO Asset Management from the plan's lineup during 2021, the comparison shows: the BMO Aggressive Balanced Fund, BMO Diversified Stock Fund, BMO Growth Balanced Fund, BMO Diversified Income Fund and BMO Moderate Balanced Fund.
As of Dec. 31, 2020, the BMO asset allocation funds had $56 million, $56 million, $49 million, $24 million and $21 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing does not provide a reason for the changes.
As of Dec. 31, the Employees' 401(k) Savings Plan of Bank of Montreal/Harris had $3 billion in assets, according to the new 11-K filing.
Spokesman Paul Gammal could not be immediately reached for further information.
