Liberty Oilfield Services Inc., Denver, added two passive domestic equity index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The Fidelity 500 Index Fund and the Fidelity Large Cap Growth Index Fund, which were added in 2019, had $4 million and $2 million in assets in the plan, respectively, as of Dec. 31, according to the company's 11-K filing with the SEC on Wednesday.
Also during 2019, the company removed two similar index funds managed by Vanguard Group from the lineup: the Vanguard 500 Index Fund and Vanguard Growth Index Fund.
As of Dec. 31, 2018, those funds had $2 million and $1 million in assets in the plan, respectively, according to Liberty Oilfield's prior 11-K filing.
The reasons for the changes were not provided.
As of Dec. 31, the Liberty Oilfield Services 401(k) Savings Plan had $96 million in assets, according to the new 11-K filing. As of that same date, the plan had 19 individual mutual fund options, a lineup of target-date collective investment trusts managed by Principal Financial Group, a real estate separate account option and a common stock fund.
Michael Stock, chief financial officer, could not be immediately reached for further information.