Tompkins Financial Corp., Ithaca, N.Y., added eight index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The plan in 2019 added the passive investment options, which had a total of $41 million in assets in the plan as of Dec. 31, according to the company's 11-K filing Thursday with the SEC.
The Fidelity 500 Index Fund, Fidelity International Index Fund and Fidelity U.S. Bond Index Fund had the most assets in the plan as of that date, with $16 million, $9 million and $6 million, respectively.
Also during 2019, the plan removed four separate accounts from the fund: an active domestic large cap value strategy managed by LSV Asset Management, an active domestic midcap growth strategy managed by Frontier Capital Management, and an active domestic midcap value strategy and passive domestic large-cap growth equity strategy managed by QMA.
Those investment options had $12 million, $9 million, $7 million and $4 million in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
As of Dec. 31, the Tompkins Financial Corp. Investment and Stock Ownership Plan had $145 million in assets, according to the new 11-K filing. As of that same date, the plan had a total of 16 individual investment options and a common stock fund.
Tompkins Financial officials could not be immediately reached for further information.