Tredegar Corp., Richmond, Va., added a target-date fund series managed by Fidelity Investments to the investment options lineup of its 401(k) plan in 2022.
As of Dec. 31, the 14 target-date funds had $85 million in assets in the plan, according to the company's new 11-K filing with the SEC on Monday.
According to a comparison of this year's filing and last year's filing, the plan also removed a similar target-date fund series managed by Vanguard Group during 2022.
As of Dec. 31, 2021, the 13 Vanguard Group target-date funds had a total of $91 million in assets in the plan, according to last year's 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the Tredegar Corp. Retirement Savings Plan had $131 million in assets, according to the new 11-K filing.
Neill Bellamy, the company's director of investor relations, could not be immediately reached for further information.