Fidelity Investments has announced that for the first half of 2015 it has made new defined contribution retirement plan sales of $35 billion, in addition to getting commitments for another $21 billion for 2016.

Plans sold in the first six months of the year were of all sizes, from large corporation to tax-exempt employers and emerging companies. Some sales came via financial advisors. Altogether, plans sold in 2015 represent nearly 800 employers with 700,000 employees.

Among the companies opting for Fidelity were these Silicon Valley emerging companies:

  • Airbnb

  • NerdWallet

  • eSilicon

  • Prysm

And these tax-exempt health care institutions opted for Fidelity:

  • Allegiance Health, based in Jackson, Michigan

  • UnityPoint Health of West Des Moines, Iowa

Clients representing more than $100 billion in assets under administration included these:

  • Delta Airlines

  • General Motors

  • Halliburton,

  • Amway,

  • Wolters Kluwer

  • Synopsys

  • First American Financial Corporation

  • Marshfield Clinic

And companies opting for additional services included Blue Cross and Blue Shield of Minnesota and University of Vermont Medical Center.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 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.