Prudential Financial is the current record keeper. The change is the result of a “careful review” in conjunction with the plan's investment consultant, The Centurion Group, according to an 8-K filing with the Securities and Exchange Commission.
A blackout period for participants begins July 28 and is expected to end Aug. 22.
The Ocean City Home Bank Savings and Investment Plan had $11 million in assets as of Dec. 31, according to its most recent 11-K filing.
Sharon Taggart, human resources manager, did not return phone calls by press time.