1st Source Corp., South Bend, Ind., added a target-date fund series managed by Capital Group to the investment options lineup of its profit-sharing plan in 2020.
As of Dec. 31, the five American Funds target-date funds had a total of less than $1 million in assets in the plan, according to the company's 11-K filing with the SEC on Monday.
The plan did not have any target-date funds listed in the plan in the prior 11-K filing with plan data as of Dec. 31, 2019.
As of Dec. 31, the 1st Source Corp. Employee Stock Ownership and Profit Sharing Plan had $224 million in assets, according to the new 11-K filing.
Andrea G. Short, executive vice president, treasurer, and chief financial officer, could not be immediately reached for further information.
