UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 11-K

FOR ANNUAL REPORT PURSUANT
TO SECTION 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

S ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, 2016    

OR

* TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934

For the transition period from______to ____     

Commission file number 001-36441     


A.
Full title of the plan and the address of the plan, if different from that of the issuer named below:

INVESTORS BANK EMPLOYEE 401(K) PLAN

B.
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
                        
INVESTORS BANCORP, INC.
101 JFK PARKWAY
SHORT HILLS, NJ 07078





INVESTORS BANK
EMPLOYEE 401(k) PLAN
Table of Contents





 
Report of Independent Registered Public Accounting Firm
Board of Directors
Investors Bancorp, Inc.:
We have audited the accompanying statements of net assets available for benefits of the Investors Bank Employee 401(k) Plan (the Plan) as of December 31, 2016 and 2015, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the years then ended in conformity with U.S. generally accepted accounting principles.
The supplemental information in the accompanying schedule of Schedule H, Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2016 has been subjected to audit procedures performed in conjunction with the audit of the Plan’s 2016 financial statements. The supplemental information is presented for the purpose of additional analysis and is not a required part of the financial statements but include supplemental information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental information is the responsibility of the Plan's management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information in the accompanying schedule, Schedule H , Line 4i - Schedule of Assets (Held at End of Year) as of December 31, 2016, is fairly stated in all material respects in relation to the 2016 financial statements as a whole.
/s/ KPMG LLP
New York, NY
June 29, 2017

1


INVESTORS BANK
EMPLOYEE 401(k) PLAN
Statements of Net Assets Available for Benefits
December 31, 2016 and 2015
 
 
 
 
 
 
 
2016
 
2015
Assets:
 
 
 
 
Investments, at fair value:
 
 
 
 
Mutual funds
$
54,827,598

 
38,554,513

Money market funds
 
4,514,109

 
3,528,993

Investors Stock Fund
 
8,372,867

 
7,885,483

Total investments at fair value
 
67,714,574

 
49,968,989

Receivables:
 
 
 
 
Employer contributions
 
—

 
7,138

Employee contributions
 
—

 
20,479

Notes receivable from participants
 
2,153,333

 
1,717,805

Total receivables
 
2,153,333

 
1,745,422

Total assets
 
69,867,907

 
51,714,411

Liabilities:
 
 
 
 
Excess contributions payable
 
19,978

 
—

 
 
 
 
 
Net assets available for benefits
$
69,847,929

 
51,714,411

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
See accompanying notes to financial statements.
 
 


2


INVESTORS BANK
EMPLOYEE 401(k) PLAN
Statements of Changes in Net Assets Available for Benefits
Years ended December 31, 2016 and 2015
 
 
 
 
 
 
 
2016
 
2015
Additions to net assets attributable to:
 
 
 
 
Contributions:
 
 
 
 
Employee
$
7,091,508

 
6,297,267

Participant rollovers
 
1,294,395

 
3,239,060

Employer
 
2,357,805

 
2,148,482

Total contributions
 
10,743,708

 
11,684,809

Investment income:
 
 
 
 
Interest and dividends
 
1,765,646

 
2,121,779

Net appreciation (depreciation) in fair value of investments
 
2,853,444

 
(1,343,711
)
Net investment income
 
4,619,090

 
778,068

Interest income on notes receivable from participants
 
85,488

 
66,002

Total additions
 
15,448,286

 
12,528,879

Deductions from net assets attributable to:
 
 
 
 
Distributions to participants
 
2,655,729

 
1,968,953

Administrative expenses
 
89,330

 
91,625

Total deductions
 
2,745,059

 
2,060,578

Net increase in net assets available for benefits, before transfers
 
12,703,227

 
10,468,301

Transfers into Plan from Investors Bank Employee Stock Ownership Plan and ISB Mortgage Savings and Retirement Plan
 
5,430,291

 
431,575

Net increase in net assets available for benefits
 
18,133,518

 
10,899,876

Net assets available for benefits, at beginning of year
 
51,714,411

 
40,814,535

Net assets available for benefits, at end of year
$
69,847,929

 
51,714,411

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
See accompanying notes to financial statements.
 
 
 
 

3
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

    
(1)
Summary of Significant Accounting Policies
(a)
Basis of Presentation
The accompanying financial statements of the Investors Bank Employee 401(k) Plan (the "Plan") have been prepared on an accrual basis of accounting and present the net assets available for benefits and changes in those net assets.
(b)
Use of Estimates
The Plan management has made estimates and assumptions relating to the preparation of the financial statements in conformity with U.S. generally accepted accounting principles ("U.S. GAAP"). The preparation of the financial statements in accordance with U.S. GAAP requires the Plan management to make estimates and assumptions that affect the reported amounts of assets and liabilities and changes therein and disclosure of contingent assets and liabilities. Actual results could differ from those estimates and assumptions.
(c)
Risks and Uncertainties
The Plan may invest in various types of investment securities that are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amount reported in the statement of net assets available for benefits.
The Plan's exposure to a concentration of credit risk is limited by the diversification of investments across all participant fund elections. Additionally, the investments within each participant-directed fund elections are further diversified into various financial instruments, with the exception of the Investors Stock Fund, that is invested in the securities of a single issuer.
(d)
Valuation of Investments and Income Recognition
Investment funds are stated at fair value as determined by quoted market prices. Purchases and sales of investments are recorded on a trade date basis, and interest income is recorded when earned on the accrual basis. Dividend income is recorded on the ex-dividend date.
(e)
Notes Receivable from Participants
Notes receivable from participants are carried at amortized cost (i.e., unpaid principal balance plus any accrued but unpaid interest). If a loan is not repaid, it will be reclassified as a distribution based upon the terms of the Plan Document.
(f)
Benefit Payments
Benefits are recorded when paid.

4
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

(g)
Fair Value Measurements
Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 820, " Fair Value Measurement", establishes a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy give the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). The three levels of the fair value hierarchy are described below:
•
Level 1 - Valuation is based upon quoted prices for identical instruments traded in active markets.
•
Level 2 - Valuation is based upon quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, and model based valuation techniques for which all significant assumptions are observable in the market.
•
Level 3 - Valuation is generated from model-based techniques that use significant assumptions not observable in the market. These unobservable assumptions reflect our own estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include the use of option pricing models, discounted cash flow models and similar techniques. The results cannot be determined with precision and may not be realized in an actual sale or immediate settlement of the asset or liability.
        
The following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2016 from December 31, 2015, and there were no transfers between any levels for the year ended December 31, 2016. All investments are Level 1.
Mutual funds: Valued at the net asset value ("NAV") of shares held at year-end. The NAV is based on the fair value of the securities held in the funds.
Money market funds: Valued at the closing price reported in the active market on which the individual securities are traded.
Investors Stock Fund: Shares of Investors Bancorp, Inc. common stock are traded on the NASDAQ securities exchange and are valued at the last reported sales price on the last trading day of the Plan year.
The methods described may produce a fair value calculation that may not be indicative of net    realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.     
(h)
Recently Issued Accounting Pronouncements
On May 1, 2015, the FASB issued Accounting Standards Update ("ASU") No. 2015-07, Disclosures for Investments in Certain Entities That Calculate Net Asset Value per Share (or Its Equivalent), which removes the requirement to categorize within the fair value hierarchy all investments for which the fair value is measured using the net asset value per share practical expedient. The ASU also removes the requirement to make certain disclosures for all investments that are eligible to be measured at fair value using the net asset value per share practical expedient. The ASU is effective for public business entities for fiscal years beginning after December 15, 2015. The Plan early adopted ASU 2015-07 effective December 31, 2015.

5
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

In July 2015, the FASB issued ASU 2015-12, (Part I) Fully Benefit-Responsive Investment Contracts, (Part II) Plan Investment Disclosures, (Part III) Measurement Date Practical Expedient. ASU 2015-12 (1) requires defined contribution plans to use contract value as the only measure for fully benefit-responsive investment contracts, (2) simplifies certain investment disclosure requirements for employee benefit plans, and (3) provides employee benefit plans with a measurement-date practical expedient on a month-end date that is nearest to the fiscal year end, when the fiscal year end does not coincide with a month-end. The simplified investment disclosure in Part II eliminates the following disclosures previously required: (a) disaggregation of investments by nature, risks and characteristics; (b) individual investments that represent five percent or more of net assets available for benefits; and (c) net appreciation or depreciation of investments by general type. ASU 2015-12 is effective for fiscal years beginning after December 15, 2015 and early adoption is permitted. Part I and II are required to be applied retrospectively and Part III is required to be applied prospectively. The Plan early adopted Part II of ASU 2015-12 effective December 31, 2015. Parts I and III do not impact the Plan's financial statements.
(2)
Plan Description
(a)
General
The Plan is a voluntary, participant-directed defined-contribution plan sponsored by Investors Bank (the "Bank"). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 ("ERISA"). The following description of the Plan provides only general information. Eligible employees who participate in the Plan should refer to the Plan Document for a more complete description of the Plan’s provisions.
Fidelity Management Trust Company (the "Trustee" or "Custodian") is the Plan's trustee. The Plan offers participants choices between a diverse group of investment funds from Fidelity Investments as well as other investments. Fidelity Workplace Services is the recordkeeper of the Plan. The investment selections are made by the participants.
On May 7, 2014, Investors Bancorp, MHC, the mutual holding company of the Bank, completed its mutual to stock conversion and related stock offering of a newly formed holding company ("Investors Bancorp"). In connection with the stock offering, the Trustee allowed existing participants a one-time option to invest up to 50% of their existing account balance in Investors Bancorp common stock. As a result, the Trustee of the Plan purchased 686,542 shares of Investors Bancorp common stock based on designated percentages provided by employees. The purchased shares of Investors Bancorp common stock are reflected in the Investors Stock Fund, with each share initially valued at $10.00. At December 31, 2016, the Investors Stock Fund held 600,126 shares of Investors Bancorp common stock valued at a quoted market price of $8,371,756 and a cash equivalent of $1,111. At December 31, 2015, the Investors Stock Fund held 633,797 shares of Investors Bancorp common stock valued at a quoted market of $7,884,431 and a cash equivalent of $1,052.
Effective November 15, 2016, the ISB Mortgage Savings and Retirement Plan, a plan maintained by ISB Mortgage Co., LLC, a wholly-owned subsidiary of the Bank, was merged into the Plan, and $5,158,095 of assets were transferred into the Plan as of November 23, 2016.
(b)
Funds and Accounts Managed by Fidelity Management Trust Company
Under the terms of a trust agreement between the Custodian and the Bank, the Custodian manages funds on behalf of the Plan. The Custodian holds the Plan’s investment assets and executed transactions therein. The investments in the funds are reported by the Plan at fair value.
(c)
Eligibility
An employee of the Bank and any subsidiary of the Bank is eligible to participate in the Plan if the employee has reached the age of 21. Each participant's share of the Plan assets is recorded in an account established for that participant. Each participant's account is credited with the participant and employer's contributions, adjusted to reflect income, gains and losses realized and net appreciation or depreciation in the value of

6
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

the Plan's assets. All contributions are invested based on participant direction. The benefit to which a participant is entitled is the benefit that can be provided from the participant's vested account.
Participants may elect to divide their contributions or initiate a transfer among the investment fund options, subject to certain restrictions. An eligible participant may elect to suspend or resume his or her contributions, subject to the Plan's notice requirements. Changes requested by participants are implemented as soon as administratively practicable, in accordance with the Plan Document.
(d)
Employee Contributions
Participants may elect to make tax deferred contributions, subject to an annual limit of the lesser of 60% of eligible compensation or the maximum amount allowed by the Internal Revenue Code ("IRC"). The limit on employee elective deferrals was $18,000 in 2016 and 2015.
A participant may make “catch-up” contributions, up to the maximum amount allowed by the IRC, if the maximum annual amount of regular contributions is made and the participant is age 50 or older. The maximum allowable catch-up contribution for the years ended December 31, 2016 and 2015 was $6,000.
Employee contributions are funded through biweekly payroll deductions, and employer matching is determined and funded biweekly.
(e)
Employer Contributions
The Bank contributes 50% of the first 6% of a participant’s eligible contributions. The Bank's Board of Directors, at their sole discretion, sets the Bank’s matching contribution rate. Employer contributions amounted to $2,357,805 and $2,148,482 for the years ended December 31, 2016 and 2015, respectively.
(f)
Rollovers and Transfers
The Plan permits participants to have their interests in other qualified plans rolled over to the Plan or to make rollover contributions into the Plan from a conduit individual retirement account, which holds amounts attributable solely to a rollover from another qualified plan. In addition, the Plan permits for direct transfer of participant accounts for employees in businesses that were acquired by the Bank. Such transfers or rollovers to the Plan may only be made with the approval of the Plan administrator and do not affect any other contributions made by or on behalf of a participant. Rollovers into the Plan amounted to $1,294,395 and $3,239,060 for the years ended December 31, 2016 and 2015, respectively.
(g)
Transfers into Plan from Investors Bank Employee Stock Ownership Plan and ISB Mortgage Savings and Retirement Plan
Participants who have reached the age 55 and complete 10 years of participation in Investors Bank Employee Stock Ownership Plan ("ESOP") may diversify up to 25% of their ESOP account balance into the Plan during the first five years that participants qualify for this option. In the sixth year, eligible participants may diversify up to 50% of their ESOP account balance (including the 25% previously noted). Participants transferred $272,196 and $431,575 into the Plan from the ESOP as of December 31, 2016 and 2015, respectively.
On November 23, 2016, $5,158,095 was transferred into the Plan from the ISB Mortgage Savings and Retirement Plan due to the merger of the plans.

(h)
Vesting
Participants are fully vested in their contributions and earnings or losses thereon. Employer contributions and earnings or losses thereon are 100% vested at the end of the third year of service. Additionally, a participant shall become 100% vested if he or she terminates employment on or after he or she attains age 65, or as a result of his or her death or disability.

7
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

(i)
Notes Receivable from Participants
Upon application by a participant, the Plan administrator may direct that a loan be made from the participant’s account. The maximum permissible loan available is limited to the lesser of (i) $50,000 with certain restrictions or (ii) 50% of his or her vested account. Any loan made must generally be repaid within a period not to exceed the earlier of termination of employment or 10 years. Loans bear a reasonable rate of interest and remain in effect for the duration of the loan. At December 31, 2016, the interest rates on outstanding participant loans ranged from 4.25% to 5.25%.
Principal and interest are paid ratably through biweekly payroll deductions.
(j)
Payment of Benefits
Distributions of vested benefits normally are made upon a participant’s retirement, death, or permanent disability. Upon retirement or termination of employment, participants may receive vested amounts in a cash lump sum. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested account.
(k)
Excess Contributions
Excess contributions above plan limits are refunded to participants. There were $19,978 of excess contributions above plan limits for the year ended December 31, 2016, which will be refunded to participants. There were no excess contributions above plan limits for the year ended December 31, 2015.
(l)
Forfeitures
Participants who terminate employment prior to becoming 100% vested forfeit any non-vested employer contributions. Forfeitures are retained in the Plan and may first be used to pay administrative expenses. Any remaining amounts may be used to reduce future employer contributions payable under the Plan. Forfeitures for the years ended December 31, 2016 and 2015 were $111,995 and $63,983, respectively, of which $43,174 and $57,688 were used to reduce administrative expenses.
(3)
Plan Expenses
Certain costs of administrative services rendered on behalf of the Plan were borne by the Bank. Fidelity Management Trust Company ("Fidelity") and other investment managers are paid from the mutual funds that the Plan invests in. These fees are reflected in net appreciation (depreciation) in fair value of investments on the Statement of Changes in Net Assets Available for Benefits.
(4)
Plan Termination
The Plan has no termination date, and it is the Bank’s intention to continue the Plan indefinitely. Although it has not expressed any intent to do so, the Bank has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants would become 100% vested in their employer contributions.
(5)
Federal Income Taxes
The Plan was designed under the Fidelity Basic Plan Document No. 14 Prototype Plan for plan year ending December 31, 2014 and through August 30, 2015. This plan received an advisory letter dated March 31, 2008. On August 31, 2015, the Plan adopted the Fidelity Volume Submitter Plan Document No. 17 and this plan received an advisory letter dated March 31, 2014. The Fidelity Basic Plan Document No. 14 Prototype Plan and the Fidelity Volume Submitter Plan Document No. 17 were designed to be qualified plans as described in Section  401(a) of the IRC and, accordingly, exempt from payment of federal income taxes under provisions of Section  501(a) of the IRC. The Plan is required to operate in conformity with the IRC to maintain its qualification. The Bank believes that the Plan currently is designed and is being operated in compliance with the applicable requirements of the IRC.
U.S. GAAP requires the Plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan management has analyzed the tax positions taken by the Plan and has concluded

8
Investors Bank Employee 401(k) Plan
Notes to Financial Statements
December 31, 2016 and 2015

that as of December 31, 2016, there are no uncertain positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.
The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
(6)
Parties‑In‑Interest Transactions
Parties-in-interest are defined under Department of Labor regulations as any fiduciary of the Plan, any party rendering service to the Plan, the employer, and certain others.
Certain administrative functions are performed by officers or employees of the Bank. No such officer or employee receives compensation from the Plan.
Certain Plan investments are shares of common stock issued by Investors Bancorp, Inc. The Bank is the Plan sponsor, as defined by the Plan, therefore transactions involving purchases and sales of the common stock represent party-in-interest transactions.
Certain Plan investments are shares of mutual funds managed by an affiliate of Fidelity. As Fidelity, or its affiliates, are the trustee and record keeper of the Plan, transactions involving purchases and sales of Fidelity managed mutual funds represent party-in-interest transactions.
Notes receivable from participants held by the Plan also reflect party‑in‑interest transactions.
(7)
Subsequent Events
Subsequent to December 31, 2016 and through June 29, 2017, the date through which the Plan evaluated subsequent events and on which the financial statements were available for issuance, the Plan administrator has concluded that there are no subsequent events requiring disclosure, other than the below.
Effective January 1, 2017 the Bank's employer contribution match increased from 50% on the first 6% of eligible compensation to 50% on the first 8% of eligible compensation that participants contribute to their accounts.


9

 
 
 
 
Supplemental Schedule
 
Investors Bank
Employee 401(K) Plan
Schedule H, Line 4i - Schedule of Assets (Held at End of Year)
December 31, 2016
 
 
 
 
 
 
 
 
Identity of issuer
Description of investment
 
Number of shares
 
Current Value
*
Fidelity Management & Research Company
Fidelity Contrafund
 
73,088

 
$
7,190,417

*
Fidelity Management & Research Company
Fidelity Balanced K Fund
 
85,352

 
1,879,446

*
Fidelity Management & Research Company
Fidelity Capital & Income Fund
 
256,606

 
2,491,648

*
Fidelity Management & Research Company
Fidelity Freedom Income Fund
 
29,760

 
345,515

*
Fidelity Management & Research Company
Fidelity Freedom K 2005
 
4,952

 
62,745

*
Fidelity Management & Research Company
Fidelity Freedom K 2010
 
23,605

 
297,900

*
Fidelity Management & Research Company
Fidelity Freedom K 2015
 
103,986

 
1,369,490

*
Fidelity Management & Research Company
Fidelity Freedom K 2020
 
284,863

 
3,976,682

*
Fidelity Management & Research Company
Fidelity Freedom K 2025
 
234,439

 
3,420,462

*
Fidelity Management & Research Company
Fidelity Freedom K 2030
 
289,141

 
4,302,411

*
Fidelity Management & Research Company
Fidelity Freedom K 2035
 
209,428

 
3,229,384

*
Fidelity Management & Research Company
Fidelity Freedom K 2040
 
119,498

 
1,845,045

*
Fidelity Management & Research Company
Fidelity Freedom K 2045
 
99,871

 
1,588,955

*
Fidelity Management & Research Company
Fidelity Freedom K 2050
 
102,601

 
1,644,693

*
Fidelity Management & Research Company
Fidelity Freedom K 2055
 
58,525

 
697,034

*
Fidelity Management & Research Company
Fidelity Freedom K 2060
 
1,997

 
20,813

*
Fidelity Management & Research Company
Fidelity International Discovery Fund
 
43,906

 
1,597,285

*
Fidelity Management & Research Company
Fidelity Large Cap Value Fund
 
93,767

 
1,748,758

*
Fidelity Management & Research Company
Fidelity Money Market Trust Retirement Government
 
4,514,108

 
4,514,108

*
Fidelity Management & Research Company
Fidelity Retirement Government Money Market
 
1

 
1

*
Fidelity Management & Research Company
Spartan International Index Fund
 
41,140

 
1,453,051

*
Fidelity Management & Research Company
Spartan U.S. Bond Index
 
203,098

 
2,333,595

*
Fidelity Management & Research Company
Spartan U.S. Equity Index Fund
 
57,427

 
4,498,816

 
The Vanguard Group
Vanguard Small-Cap Index Fund Admiral Shares
 
32,575

 
2,012,153

 
The Vanguard Group
Vanguard Mid-Cap Index Fund Admiral Shares
 
1,935

 
315,266

 
American Century Investments
American Century Mid Cap Value Fund
 
209,714

 
3,611,273

 
Janus Capital Group
Janus Enterprise Fund Class N
 
18,642

 
1,779,533

 
Nationwide
Nationwide Geneva Small Cap Growth Fund Class A
 
23,419

 
1,115,228

*
Investors Stock Fund
Investors Bancorp, Inc.
 
600,126

 
8,372,867

Total Investments held
 
 
 
 
67,714,574

*
Notes receivable from participants
293 fixed rate loans ranging from 4.25% to 5.25% maturing through 2026
 
 
 
2,153,333

 
Total
 
 
 
 
69,867,907

*
A party in interest as defined by ERISA
 
 
 
 
See accompanying report of independent registered public accounting firm.
 
 
 
 

10

SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Plan Administrator has duly caused this annual report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
INVESTORS BANK EMPLOYEE 401(K) PLAN
 
 
By:
/s/ Kevin Cummings
 
Kevin Cummings
 
Chief Executive Officer and President
 
(Principal Executive Officer)
 
 
By:
/s/ Sean Burke
 
Sean Burke
 
Chief Financial Officer and Senior Vice President
 
(Principal Financial and Accounting Officer)
Date: June 29, 2017




11
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