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July 06, 2021 12:27 PM

First Busey swaps large-cap value equity options in 401(k) lineup

Rob Kozlowski
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    First Busey Corp., Urbana, Ill., added the Dodge & Cox Stock Fund to the investment options lineup of its 401(k) plan in 2020.

    As of Dec. 31, the active domestic large-cap value equity fund had $6 million in assets in the plan, according to the company's 11-K filing with the SEC on June 29.

    A comparison of this year's 11-K filing and last year's filing shows the plan removed the American Beacon Large Cap Value Fund from the lineup in 2020.

    As of Dec. 31, 2019, the active domestic large-cap value equity fund managed by American Beacon Advisors had $10 million in assets in the plan, according to the prior 11-K filing.

    The new 11-K filing did not provide a reason for the change.

    As of Dec. 31, the First Busey Corp. Profit Sharing Plan and Trust had $201 million in assets, according to the new 11-K filing.

    Officials at First Busey could not be immediately reached for further information.

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