Independent Bank Corp., Rockland, Mass., added two investment options to its 401(k) plan in 2018, the company disclosed in its 11-K filing with the SEC.
During 2018, the plan added the DFA International Small Company Portfolio, an active international small-cap equity fund managed by Dimensional Fund Advisors, and the PIMCO Global Bond Opportunities Fund (Unhedged), a global fixed-income fund managed by Pacific Investment Management Co.
As of Dec. 31, the two funds had $8 million and $2 million, respectively, in the plan, according to the June 20 11-K filing.
Also during 2018, the plan removed the Janus Henderson Research Fund, an active domestic large-cap growth equity fund managed by Janus Henderson Investors; the DWS Large Cap Focus Growth Fund, an active domestic large-cap growth equity fund managed by DWS Investment Management; and the Wells Fargo International Bond Fund, a global fixed-income fund managed by Wells Fargo Asset Management.
As of Dec. 31, 2017, those three funds has respective assets of $12 million, $7 million and $1 million, in the plan, according to the company's previous 11-K filing.
As of Dec. 31, the corporation's Rockland Trust Co. Employee Savings, Profit Sharing and Stock Ownership Plan had $144 million in assets, according to the new 11-K filing. As of that same date, the plan had 26 investment options and a target-date fund lineup managed by Capital Group.
Company spokeswoman Peggy Smolen could not be immediately reached to provide further information.
