Tennant Co., Eden Prairie, Minn., added two investment options to its 401(k) plan in 2020.
As of Dec. 31, the Fidelity U.S. Bond Index Fund, a passive domestic fixed-income fund managed by Fidelity Investments, and the William Blair International Leaders Fund, an active international equity fund managed by William Blair & Co., had $18 million and $15 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Tuesday.
A comparison of this year's and last year's 11-K filings also shows the plan removed two funds in 2020.
As of Dec. 31, 2019, the Vanguard Total Bond Market Index Fund, a passive domestic fixed-income fund managed by Vanguard Group; and the Harbor International Growth Fund, an active international growth equity fund managed by Harbor Capital Advisors and subadvised by Baillie Gifford & Co., had $14 million and $9 million, respectively, in assets in the plan, according to the prior 11-K filing.
The reasons for the changes were not provided in the new 11-K filing.
As of Dec. 31, Tennant Co. Retirement Savings Plan had $439 million in assets, according to the new 11-K filing.
William Prate, senior director, investor relations, could not be immediately reached for further information.
