Prologis Inc., San Francisco, hired Fidelity Investments as record keeper of its 401(k) plan.
The real estate investment trust's 401(k) plan will switch to Fidelity effective Jan. 1, according to an 8-K filing with the SEC on Nov. 22.
The filing did not disclose the name of the current record keeper, but the company's most recent 11-K filing shows Wells Fargo was the plan's record keeper as of Dec. 31. Principal Financial Group purchased Wells Fargo's record-keeping business earlier this year.
A blackout period for participants will begin at 12:01 a.m. EST on Dec. 24 and is expected to end at 12:01 a.m. EST on Jan. 27, according to the 8-K filing.
As of Dec. 31, the Prologis Inc. 401(k) Savings Plan had $171 million in assets, according to the 11-K filing.
Spokeswoman Melissa Sachs could not be immediately reached to provide further information.
