Daktronics Inc., Brookings, S.D., added a target-date fund lineup managed by Vanguard Group to the investment options lineup of its 401(k) plan in the plan year ended April 30, the company disclosed in an 11-K filing with the SEC.
The target-date fund lineup had $12 million in assets in the plan as of April 30, the Monday filing shows.
During the year ended June 30, the plan removed a target-date fund lineup managed by Wells Fargo Asset Management. As of April 30, 2018, that lineup had $11 million in assets in the plan, according to the previous 11-K filing.
The reason for the change was not provided.
As of April 30, the Daktronics Inc. 401(k) Plan had $151 million in assets, according to the new 11-K filing. Also as of that date, the plan had 15 investment options and a common stock fund along with the Vanguard target-date fund lineup.
Sheila M. Anderson, chief financial officer and treasurer, could not be immediately reached to provide further information.