SolarCity Corp., San Mateo, Calif., hired Fidelity Investments as record keeper of its 401(k) plan.
The transition to Fidelity takes place on Sept. 1, said a posting on the plan’s website. The current record keeper is Great-West Retirement Services. The reason for the change could not be learned by press time.
A blackout period for participants is expected to begin on Aug. 25 and end on or before Oct. 10.
As of Dec. 31, 2012, the SolarCity 401(k) plan had $9 million in assets, according to the company’s most recent Form 5500 filing.
Nicola Tidwell, director of human resources, and Molly Canales, spokeswoman, did not return phone calls by press time.
