Waters Corp., Milford, Mass., added two index funds managed by Fidelity Investments to the investment options lineup of its 401(k) plan.
The plan in 2019 added the Fidelity U.S. Bond Index Fund and the Fidelity Total International Index Fund, which had $56 million and $8 million in assets in the plan, respectively, as of Dec. 31, according to the company's 11-K filing Monday with the SEC.
Also during 2019, the plan removed two index funds managed by Vanguard Group: the Vanguard Total Bond Market Index Fund and Vanguard Total International Stock Index Fund, which had $42 million and $6 million in assets in the plan as of Dec. 31, 2018, according to the company's prior 11-K filing.
The new filing did not provide a reason for the change.
As of Dec. 31, the Waters Employee Investment Plan had $910 million in assets, according to the new 11-K filing. As of that same date, the plan had 14 individual investment options, a common stock fund, a self-directed brokerage option and a target-date fund series managed by Fidelity.
Kevin Kempskie, company spokesman, could not immediately provide further information.