Bread Financial Holdings Inc., Columbus, Ohio, hired T. Rowe Price Group as record keeper of its 401(k) plan.
The company disclosed the change from current record keeper Principal Financial Group in an 8-K filing with the SEC on Tuesday.
The reason for the change was not provided. A blackout period for participants will begin at 4 p.m. EDT on Sept. 8 and is expected to end or before Oct. 13, according to the filing.
As of Dec. 31, the Bread Financial 401(k) Plan had $784 million in assets, according to its most recent 11-K filing with the SEC.
Company spokeswoman Rachel Stultz could not be immediately reached for further information.