WesBanco KSOP plan drops two funds
By Rob Kozlowski | January 22, 2013 1:47 pm
WesBanco Inc., Wheeling, W.Va., dropped the Davis New York Fund and Third Avenue Value Fund as investment options in its defined contribution plan, according to an 8-K filing with the SEC.
Former participants in the two funds will be mapped to two existing American Century funds.
Those in the Davis New York Fund will be mapped to the American Century Equity Fund and those in the Third Avenue Value Fund will be mapped to the American Small Cap World Fund, according to the 8-K, which was filed Jan. 18.
The plan offers 20 investment options plus a target-date series, according the firm's most-recent 11-K filing.
There is a blackout period for the plan, a KSOP which is a combination of a 401(k) and ESOP in which employee contributions are matched by company stock, that begins at 4 p.m. EST on Feb. 19 and ends on Feb. 26.
WesBanco Inc. KSOP had $55 million in assets as of Dec. 31, 2011, according to its most recent 11-K filing.
Robert H. Young, executive vice president and chief financial officer, did not return a phone call by press time.