Charles Schwab Corp., San Francisco, added two new investment options to the lineup of its 401(k) plan in 2019.
The plan added Fidelity Investments' Small-Cap Index Fund and Vanguard Group's Treasury Money Market to the lineup, according to an 11-K filing Thursday with the SEC.
The funds had $206 million and $141 million in assets in the plan, respectively, as of Dec. 31, according to the filing.
Also during 2019, the plan removed three funds managed by Vanguard Group: the managers Value Index Fund, Growth Index Fund and Small-Cap Index Fund, all passive domestic equity funds. The funds had $201 million, $157 million and $146 million, respectively, in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
The reasons for the changes were not provided.
As of Dec. 31, the SchwabPlan Retirement Savings and Investment Plan had $4.4 billion in assets. Also as of that date, the plan had 13 individual investment options, two common stock funds and a self-directed brokerage option.
A Schwab spokeswoman referred questions to the 11-K filing.
