Investors Bancorp Inc., Short Hills, N.J., added three new funds to the investment options lineup of its 401(k) plan.
The plan in 2019 added the MFS International Diversification Fund, an active international equity fund managed by MFS Investment Management; the Vanguard Equity Income Fund Admiral Shares, an active domestic large-cap value equity fund managed by Vanguard Group; and the J.P. Morgan Core Plus Bond Fund, an active domestic fixed-income fund managed by J.P. Morgan Asset Management.
The funds had $3 million, $3 million and $2 million in assets in the plan, respectively, according to the company's June 30 11-K filing with the SEC.
Also during 2019, the plan removed two funds managed by Fidelity Investments from the investment options lineup. As of Dec. 31, 2018, the Fidelity International Discovery K Fund, an active international equity fund, and a Fidelity large-cap value fund had $3 million and $2 million in assets in the plan, respectively, according to the company's prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Investors Bank Employee 401(k) Plan had $121 million in assets, according to the new 11-K filing. Also as of that date, the plan had 15 individual investment options and a target-date fund lineup managed by Fidelity.
Marianne Wade, director of financial reporting, could not be immediately reached for further information.
