Fidelity Investments announced today that Dell selected the company as the provider of its defined contribution plan. As of January 8, Fidelity became Dell's new recordkeeping service provider of its 401(k) plan with approximately 50,000 participants and $3.4 billion in assets under administration.
"We're thrilled to have the opportunity to work with Dell employees and retirees to better prepare and manage their retirement," said Jeffrey Lagarce, executive vice president, Sales and Relationship Management, Fidelity Investments, in a statement.
"Retirement is at the core of Fidelity's business and we are continuing to invest in the technology and tools needed to help participants actively plan for the future they envision and the outcomes they desire."
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Fidelity's participant experience, Plan for Life, offers comprehensive guidance programs that provide support and education to help employees throughout their careers and into retirement, from enrolling to creating a paycheck in retirement.
Fidelity will provide guidance support online, over the phone and through on-demand webinars, which are available through the company's online tools. Dell's participants also have access to Fidelity's 180 investor centers nationwide. Fidelity's retirement participant portal, NetBenefits, is also available to help with guidance questions and may be accessed both online and through the company's mobile apps over smartphones.
Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of $3.9 trillion, including managed assets of $1.7 trillion, as of December 31, 2012.
Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms.
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