Cass Information Systems Inc., St. Louis, added six new funds to the investment options lineup of its 401(k) plan in 2020.
The plan added three Fidelity index funds, and the MFS Growth Fund, Vanguard International Growth Fund and J.P. Morgan Equity Income Fund.
As of Dec. 31, the Fidelity Extended Market Index Fund, Fidelity 500 Index Fund and Fidelity Total International Index Fund, all managed by Fidelity Investments, had $12 million, $10 million and $2 million, respectively, in assets in the plan, according to the company's 11-K filing Monday with the SEC.
Also as of Dec. 31, the active domestic large-cap growth equity fund managed by MFS Investment Management, the active international growth equity fund managed by Vanguard Group and the active domestic large-cap value equity fund managed by J.P. Morgan Asset Management had $6 million, $2 million and less than $1 million, respectively, in assets in the plan, according to the new 11-K filing.
A comparison of the new 11-K filing and last year's filing shows the plan removed 11 domestic and international equity separate accounts managed by Principal Global Investors, the American Funds Washington Mutual Investors Fund, the Lord Abbett Short Duration Income Fund and the DFA U.S. Small Cap Fund from the lineup in 2020.
As of Dec. 31, 2019, the Principal separate accounts held a total of $28 million in assets in the plan, according to the prior 11-K filing.
Also as of that date, the active domestic large-cap equity fund managed by Capital Group, the active short-term fixed-income fund managed by Lord Abbett & Co., and the active domestic small-cap equity fund managed by Dimensional Fund Advisors had $3 million, $1 million and $1 million, respectively, in assets in the plan, according to that prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Cass Information Systems Inc. 401(k) Plan had $84 million in assets, according to the new 11-K filing.
Kenn Entringer, spokesman for Cass Information Systems, could not be immediately reached for further information.
