Prosperity Bancshares Inc., Houston, added the T. Rowe Price QM U.S. Small Cap Fund and Vanguard Growth Index Fund to the investment options lineup of its 401(k) plan in 2020, confirmed Cullen Zalman, senior vice president-corporate and banking activities.
As of Dec. 31, the active domestic small-cap equity fund managed by T. Rowe Price Group and the passive domestic large-cap growth equity fund managed by Vanguard Group had $9 million and $1 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Monday. .
A comparison of this year's 11-K filing and last year's filing shows the plan removed the American Funds Investment Company of America Fund and Touchstone Small Company Fund from the lineup in 2020.
As of Dec. 31, 2019, the active domestic large-cap equity fund managed by Capital Group and the active domestic small-cap equity fund managed by Touchstone Advisors and subadvised by Fort Washington Investment Advisors had $8 million and $7 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide a reason for the changes.
As of Dec. 31, the Prosperity Bancshares Inc. 401(k) Profit Sharing Plan had $290 million in assets, according to the new 11-K filing.