Liquidity Services Inc., Bethesda, Md., added a target-date fund series managed by flexPATH Strategies to the investment options lineup of its 401(k) plan in 2020.
The series of eight target-date funds had a total of $21 million in assets in the plan as of Dec. 31, according to the company's 11-K filing with the SEC on Thursday.
A comparison of this year's and last year's 11-K filing shows the plan removed a target-date fund series managed by Fidelity Investments from the lineup in 2020.
As of Dec. 31, 2019, the series of 12 Fidelity Freedom target-date funds had a total of $18 million in assets in the plan, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the Liquidity Services Inc. 401(k) Profit Sharing Plan had $60 million in assets, according to the new 11-K filing.
Spokesman Finlo Corrin could not be immediately reached for further information.