Donegal Group Inc., Marietta, Pa., added three funds to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, passive domestic large-cap equity fund Fidelity 500 Index Fund and passive domestic fixed-income fund Fidelity U.S. Bond Index fund, both managed by Fidelity Investments, had $12 million and $1 million, respectively, in assets in the plan, according to the company's 11-K filing Monday with the SEC.
The plan also added the T. Rowe Price Capital Appreciation Fund, an asset allocation fund managed by T. Rowe Price Group, which had $4 million in assets in the plan as of Dec. 31, according to the new filing.
A comparison of this year's and last year's filings shows the plan also removed two funds from the lineup in 2020.
As of Dec. 31, 2019, the Putnam S&P 500 Index Fund, a passive domestic large-cap equity fund managed by Putnam Investments, and the Oakmark Equity & Income Fund, an asset allocation fund managed by Harris Associates, had $11 million and $3 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the Donegal Mutual Insurance Co. 401(k) Plan had $159 million in assets, according to the new 11-K filing.
Jeffrey D. Miller, executive vice president and chief investment officer, could not be immediately reached for further information.