Monro Inc., Rochester, N.Y., hired Prudential Financial as record keeper of its 401(k) plan.
Prudential replaced Wells Fargo as record keeper of the plan effective April 1, according to the automotive retailer's 11-K filing with the SEC on Friday.
The filing did not disclose a reason for the change. In 2019, Wells Fargo's record-keeping business was purchased by Principal Financial Group.
As of March 31, the Monro Inc. 401(k) Plan had $72 million in assets, according to the 11-K filing.
Brian D'Ambrosia, senior vice president of finance and chief financial officer for Monro, could not immediately be reached for further information