Fidelity Continues to Add New Employers to Benefits Platform
BOSTON, MA, March 11, 2010 -- Fidelity Investments, a leading provider of employer benefits, announced that new wins in the fourth quarter and strong momentum into 2010 will result in over 300,000 participants of Fortune 100 companies being added onto its benefits platform. Fidelity now provides benefits solutions to 46 companies within the Fortune 100 ranking.
Strong plan growth in 2009 across its entire benefits business, which services not only large Fortune 100 employers, but also small and medium companies, has resulted in Fidelity now servicing over 20,000 plans that provide benefits to more than 22 million participants. In 2010 Fidelity expects increased demand for its offerings, which include workplace savings plans such as 401k and 403(b), as well as defined benefit, health & welfare, stock plan services, health savings accounts and consulting services.
"In these challenging economic times, leading American companies are increasingly turning to Fidelity for a more integrated total benefits experience for themselves, and their employees," said Jim MacDonald, President of Workplace Investing at Fidelity Investments. "As an industry leader across many workplace benefits, Fidelity is uniquely positioned to help employers gain greater cost efficiencies, while also leveraging the firm's extensive investor education resources that can provide employees with greater education and guidance on important health and personal finance issues."
Fidelity Continues to Invest in Business as Demand Grows for Integrated Solutions
As benefit costs continue to grow, many companies are actively seeking outsourcing partners that can provide the greatest value for their benefits spend and offer solutions that will better prepare their employees for retirement, including income and health care needs.
"Fidelity is committed to making ongoing investments in providing its plan sponsors with innovative programs that can help their employees view and manage their workplace benefits more holistically, enabling more informed decisions as workers navigate through different life stages and life events," said MacDonald.
About Fidelity Investments
Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of nearly $3.2 trillion, including managed assets of nearly $1.5 trillion as of January 31, 2010. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to over 20 million individuals and institutions as well as through 5,000 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket, a leading online brokerage firm and one of the largest providers of custody and clearing services to financial professionals. For more information about Fidelity Investments, visit www.fidelity.com.
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