Plexus Corp., Neenah, Wis., added three index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The plan in 2019 added the Fidelity 500 Index Fund, Fidelity U.S. Bond Index Fund and Fidelity Inflation-Protected Bond Index Fund, which had $57 million, $12 million and $3 million in assets in the plan, respectively, as of Dec. 31, according to the company's 11-K filing with the SEC on Thursday.
Also during 2019, the plan removed three similar index funds managed by Vanguard Group.
As of Dec. 31, 2018, those funds — the Vanguard Institutional Index Fund, Vanguard Total Bond Market Index Fund and Vanguard Inflation-Protected Securities Fund — had $41 million, $9 million and $2 million in assets in the plan, respectively, according to the company's prior 11-K filing.
The reason for the changes was not provided.
As of Dec. 31, the Plexus Corp. 401(k) Retirement Plan had $419 million in assets, according to the new 11-K filing. As of that same date, the plan had 12 individual investment options and a target-date fund lineup managed by T. Rowe Price Group.
Plexus spokeswoman Heather Beresford could not be immediately reached for further information.
