Searches and Hires

1st Constitution Bancorp chooses Principal Financial as record keeper for 401(k) plan

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.