Blue Hills Bancorp Inc., Hyde Park, Mass., hired The Newport Group as record keeper of its 401(k) plan, said an 8-K filing with the Securities and Exchange Commission on Wednesday.
The filing said Newport Group replaces Savings Bank Employee Retirement Association. The reason for the change was not given.
A blackout period for participants begins on Aug. 19 and ends on Sept. 26.
As of Dec. 31, the SBERA 401(k) Plan as Adopted by Blue Hills Bank had $15 million in assets, according to the company’s most recent 11-K filing.
Cheryl Haynes, senior vice president, human resources, did not return a phone call seeking further information by press time.