Kimball Electronics Inc., Jasper, Ind., added the J.P. Morgan Large Cap Growth Fund to the investment options lineup of its 401(k) plan.
The plan added the active domestic large-cap growth equity fund managed by J.P. Morgan Asset Management during the plan's fiscal year ended June 30, according to the company's 11-K filing with the SEC on Dec. 17.
The J.P. Morgan fund had $5 million in plan assets as of June 30, according to the filing.
Also during the year ended June 30, the plan removed the American Funds AMCAP Fund from its investment options lineup.
That fund, an active domestic large-cap growth equity fund managed by Capital Group, had $5 million in assets in the plan as of June 30, 2019, according to the company's prior 11-K filing.
The reason for the change was not provided.
As of June 30, the Kimball Electronics Inc. Retirement Plan had a total of $107 million in assets, according to the new 11-K filing. Also as of that date, the plan had 12 individual investment options, a common stock fund and a target-date fund lineup managed by Vanguard Group.
Adam W. Smith, treasurer, could not be immediately reached for further information.
