Kellogg Co., Battle Creek, Mich., hired Fidelity Investments as record keeper of its three 401(k) plans, according to an 8-K filing with the SEC on Tuesday.
Fidelity will replace Transamerica Retirement Solutions effective Jan. 8, according to the filing. A Kellogg official said in an email the company determined Fidelity was the best option “as part of our regular review process.”
A blackout period for participants will begin at 4 p.m. EST on Dec. 31 and will end no later than Jan. 22.
As of Dec. 31, 2019, the Kellogg Co. Savings and Investment Plan had $1.7 billion in assets; Kellogg Co. Bakery, Confectionery, Tobacco Workers and Grain Millers Savings and Investment Plan, $447 million; and
Kellogg Co. Pringles Savings and Investment Plan, $63 million, according to the company’s most recent 11-K filings.