Fidelity has been chosen by Janus Capital Group (JNS) as its retirement benefits provider, the company announced Tuesday. It will provide a defined contribution plan, a nonqualified retirement savings plan and stock plan services to approximately 1,100 Janus participants with some $250 million in assets under administration when rollout is complete. In July Fidelity began providing some 401(k) and nonqualified retirement savings plans; in mid-October it added stock plan services for eligible participants.
Sue Armstrong, manager, Equity Retirement, Janus, said in a statement about the arrangement, “Fidelity’s ability to meet our needs as a broker-dealer and its experience working with more complex implementations reinforced our decision to choose the company as our retirement benefits provider. Our participants are already taking advantage of Fidelity’s investment guidance, including online tools and the popular on-demand workshops, helping them build more secure futures.”