ING Financial Services LLC, New York, added two new funds to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the Fidelity International Capital Appreciation Fund, an active international large-cap growth equity fund managed by Fidelity Investments; and the Baird Core Plus Bond Fund Class Institutional, an active domestic core-plus fixed-income fund managed by Robert W. Baird & Co., had $6 million and $2 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Thursday.
A comparison of this year's and last year's filings also shows the plan removed two similar funds from the investment options lineup in 2020.
As of Dec. 31, 2019, the Templeton Foreign Fund, an active international large-cap value equity fund; and the Templeton Global Bond Fund, an unconstrained fixed-income fund, had $8 million and $1 million, respectively, in assets in the plan, according to the prior 11-K filing. Both funds are managed by Franklin Templeton.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the ING Financial Services LLC 401(k) Savings Plan had $375 million in assets, according to the new 11-K filing.
ING spokesman Raymond Vermeulen could not be immediately reached for further information.