I am comparing two models using Path Analysis (pictured).

Model A explained 49% of the variance in my DV.

Model B (which is the same as Model A + an additional mediator) explained 48% of the variance of the DV.

So Model A appears to be the better model - However it makes more theoretical sense to include the Mediator (M3) from Model B. Moreover, indirect effects of the predictors through this mediator are significant.

Model Fit from both models is also good, but slightly better for Model A.

I'm hoping someone might be able to provide some advice around how to interpret these findings? How is it that the indirect effects of the predictor through the new mediator is significant, but the variance doesn't change?

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