Nicolet Bankshares Inc., Green Bay, Wis., added a target-date fund lineup managed by J.P. Morgan Asset Management to the investment options lineup of its 401(k) plan in 2019.
The lineup of eight Smart Retirement funds had a total of less than $1 million in plan assets as of Dec. 31, according to an 11-K filing Friday with the SEC. When during the year they were added could not be immediately learned.
In 2018, the plan did not list any target-date funds in its prior 11-K filing.
As of Dec. 31, the Nicolet National Bank 401(k) plan had $61 million in assets, according to the new 11-K filing. In addition to the new target-date funds, the plan as of that date had 14 individual mutual fund options and a common stock fund.
Spokesman Jeff Gahnz could not immediately provide further information.
