South State Corp., Winter Haven, Fla., added three funds to the investment options lineup of its 401(k) plan in 2020.
As of Dec. 31, the ClearBridge International Growth Fund, an active international growth equity fund managed by ClearBridge Investments; the Hartford Schroders Emerging Markets Equity Fund, managed by Hartford Funds Management Group and subadvised by Schroder Investment Management North America; and the PIMCO International Bond Fund, an active international fixed-income fund managed by Pacific Investment Management Co., had $24 million, $1 million and $1 million, respectively, in assets in the plan, according to the company's 11-K filing with the SEC on Thursday.
A comparison of this year's and last year's 11-K filings shows the plan also removed two funds from its lineup in 2020.
As of Dec. 31, 2019, the American Funds EuroPacific Growth Fund, an active international growth equity fund managed by Capital Group; and the Templeton Global Bond Fund, a global fixed-income fund managed by Franklin Templeton, had $22 million and $1 million, respectively, in assets in the plan, according to the prior 11-K filing.
The new 11-K filing did not provide reasons for the changes.
As of Dec. 31, the South State Bank 401(k) Retirement Savings Plan had $312 million in assets, according to the new 11-K filing.
Spokeswoman Kellee McGahey could not be immediately reached for further information.