Prologis Inc., San Francisco, added five investment options managed by Fidelity Investments to its 401(k) plan.
The plan added Fidelity's 500 Index, Mid Cap Index, U.S. Bond Index, Total International Index and Short-Term Bond funds in 2020, according to the real estate investment trust's 11-K filing with the SEC on June 11.
As of Dec. 31, the funds had $40 million, $22 million $12 million, $8 million and $2 million, respectively, in assets in the plan, according to the filing.
The REIT's previous 11-K filing noted there was a total of $62 million cash receivable as of Dec. 31, 2019, due to investments in transit resulting from the liquidation of the Vanguard Institutional Index, Vanguard Mid-Cap Index, Vanguard Intermediate Term Bond Index, Vanguard Total International Stock Index and Vanguard Short-Term Bond Index funds.
Fidelity Investments became the plan's new record keeper effective Jan. 1, 2020, replacing Wells Fargo. The latter firm's record-keeping business had been purchased by Principal Financial Group in 2019.
As of Dec. 31, the Prologis 401(k) Savings Plan had $303 million in assets, according to the new 11-K filing.
Prologis officials could not be immediately reached for further information.