Mattel Inc., El Segundo, Calif., hired Fidelity Investments as record keeper of its 401(k) plan.
The toymaker hired the firm in 2023 to replace Alight Solutions, according to its June 22 11-K filing with the SEC.
The exact timing and reason for the change was not provided in the filing.
As of Dec. 31, the Mattel Inc. Personal Investment Plan had $1 billion in assets, according to the 11-K filing.
Mattel officials could not be immediately reached for further information.