Fossil Group Inc., Richardson, Texas, added four funds to the investment options lineup of its 401(k) plan in 2020.
The funds are the T. Rowe Price Blue Chip Growth Fund, American Funds American Balanced Fund, JHancock International Growth Fund and Vanguard Equity Income Fund.
As of Dec. 31, the active domestic large-cap growth equity fund managed by T. Rowe Price Group, asset allocation fund managed by Capital Group, active international large-cap growth equity fund managed by John Hancock Investment Management and subadvised by Wellington Management, and active domestic large-cap value equity fund managed by Vanguard Group had $14 million, $6 million, $6 million and $3 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on June 24.
A comparison of this year's and last year's 11-K filings shows the plan removed the American Funds Growth Fund of America, Invesco Equity & Income Fund, Invesco Oppenheimer International Growth Fund and Invesco Comstock Fund from the investment options lineup in 2020.
As of Dec. 31, 2019, the active domestic large-cap growth equity fund managed by Capital Group and the asset allocation fund, active international large-cap growth equity fund, and active domestic large-cap equity fund managed by Invesco had $12 million, $7 million, $6 million and $3 million, respectively, 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 Fossil Group Inc. Savings and Retirement Plan had $119 million in assets, according to the new 11-K filing.
Officials at Fossil Group could not be immediately reached for further information.
