Hasbro Inc., Pawtucket, R.I., added a lineup of target-date collective investment trusts managed by BlackRock to the investment options lineup of its 401(k) plan.
The lineup of seven BlackRock Lifepath target-date CITs, added in 2019, had a total of $244 million in assets in the plan as of Dec. 31, according to the toy company's June 30 11-K filing with the SEC.
Also during 2019, the plan removed a similar lineup of target-date CITs managed by J.P. Morgan Asset Management. The lineup of nine J.P. Morgan SmartRetirement CITs had $189 million in assets in the plan as of Dec. 31, 2018, 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 Hasbro Inc. Retirement Savings Plan had $708 million in assets in the plan, according to the new 11-K filing. Also as of that date, the plan had seven individual CIT options, two individual mutual fund options, the BlackRock target-date fund lineup and a common stock fund.
Hasbro officials could not be immediately reached for further information.