Oppenheimer Holdings Inc., New York, added two funds to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the American Funds American Balanced Fund, an asset allocation fund managed by Capital Group; and the DFA Inflation-Protected Securities Fund, an inflation-protected fixed-income fund managed by Dimensional Fund Advisors, had $15 million and $7 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Monday.
A comparison of this year's and last year's filings show the plan also removed two similar funds from its lineup in 2020.
As of Dec. 31, 2019, the Oakmark Equity & Income Fund, an asset allocation fund managed by Harris Associates; and the BlackRock Inflation Protected Bond Fund, an inflation-protected fixed-income fund, had $13 million and $6 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Oppenheimer & Co. Inc. 401(k) Plan had $542 million in assets, according to the new 11-K filing.
Oppenheimer officials could not immediately provide further information.
