East West Bancorp Inc., Pasadena, Calif., added the MFS Growth Fund to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the active domestic large-cap growth equity fund managed by MFS Investment Management had $55 million in assets in the plan, according to the company's June 25 11-K filing with the SEC.
A comparison of this year's 11-K filing and last year's filing shows the plan removed the American Funds Growth Fund of America from the lineup in 2020.
As of Dec. 31, 2019, the active domestic large-cap growth equity fund managed by Capital Group had $43 million in assets in the plan, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the change.
As of Dec. 31, the East West Bank Employees 401(k) Savings Plan had $412 million in assets, according to the new 11-K filing.
Julianna Balicka, director of strategy and corporate development, and Irene Oh, chief financial officer, could not be immediately reached for further information.
