WesBanco Inc., Wheeling, W.Va., is adding the Fidelity Advisor Small Cap Fund as an investment option in its defined contribution plan, according to an 8-K filing with the SEC.
The new investment option, run by Fidelity Investments, will replace the Royce Low Priced Stock Fund. The change was made “based upon analysis of fund performance and expenses, as well as the availability of other funds,” according to the 8-K filing.
There is a blackout period for the KSOP, which is a combination of a 401(k) and an ESOP in which employee contributions are matched by company stock, that begins at 4 p.m. EDT on Aug. 12 and ends on Aug. 15.
WesBanco Inc. KSOP had $63 million in assets as of Dec. 31, according to its most recent 11-K filing. The plan has 18 investment options plus a target-date series.
Robert H. Young, executive vice president and chief financial officer, did not return phone calls by press time.