Demand for managed accounts in workplace retirement plans is on the rise.
Fidelity Investments saw a 24 percent increase in the number of plan sponsors interested in its managed account offering and a 57 percent increase in plan enrollees in 2012.
Fidelity Portfolio Advisory Service at Work added 440 new plan sponsors in 2012, representing 484 new plans and 486,000 new participants. That brought the division's total assets to $110 billion.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Critical BenefitsPRO information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
- Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events
- Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
