1st Constitution Bancorp, Cranbury, N.J., hired Principal Financial Group as record keeper of its 401(k) plan, the company disclosed Feb. 8 in an 8-K filing with the SEC.
Principal replaces Newport Group. A reason for the change was not provided. A blackout period for participants begins at 4 p.m. EST on Feb. 19 and will end no later than March 19, the filing said.
As of Dec. 31, 2017, the 1st Constitution Bank 401(k) Retirement Savings Plan had $11 million in assets, according to the company's most recent 11-K filing.
Dorine M. Nicol, senior vice president and director of human resources, could not be immediately reached to provide further information.
