Manitowoc Co. Inc., Milwaukee, hired Fidelity Investments as record keeper of its 401(k) plan, the company disclosed in an 8-K filing with the SEC.
Fidelity will replace OneAmerica Retirement Services. A blackout period for participants will begin at 4 p.m. EDT on Oct. 29 and end during the week of Nov. 24. The exact end date depends on how long the transition to Fidelity takes, the Oct. 11 filing said.
The reason for the change in record keeper was not provided. The company had originally hired M&I as record keeper in 2003. That firm was purchased by BMO Financial Group in 2011, and OneAmerica purchased BMO's record-keeping business in 2015.
As of Dec. 31, Manitowoc Co. Inc. 401(k) Retirement Plan had $213 million in assets, according to the company's most recent 11-K filing.
Spokesman Ion Warner could not be immediately reached to provide further information.
