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:
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Airbnb
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NerdWallet
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eSilicon
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Prysm
And these tax-exempt health care institutions opted for Fidelity:
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Allegiance Health, based in Jackson, Michigan
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UnityPoint Health of West Des Moines, Iowa
Clients representing more than $100 billion in assets under administration included these:
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Delta Airlines
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General Motors
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Halliburton,
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Amway,
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Wolters Kluwer
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Synopsys
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First American Financial Corporation
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Marshfield Clinic
And companies opting for additional services included Blue Cross and Blue Shield of Minnesota and University of Vermont Medical Center.
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