DaVita Inc., Denver, added a target-date fund series managed by J.P. Morgan Asset Management to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the series of 10 SmartRetirement Passive Blend collective investment trusts had a total of $1.4 billion in assets in the plan, according to the company's 11-K filing Thursday with the SEC.
A comparison of this year's and last year's 11-K filings shows the plan removed a similar target-date fund series managed by T. Rowe Price Group from the investment options lineup in 2020.
As of Dec. 31, 2019, the series of 12 T. Rowe Price Retirement CITs had a total of $1.2 billion in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the DaVita Retirement Savings Plan had $2.7 billion in assets, according to the new 11-K filing.
DaVita officials could not be immediately reached for further information.