Fidelity DC Plan Assets Top $1 Trillion

Some of the larger plans Fidelity added are at Fortune 500 companies like FirstEnergy and Tenneco, as well as Bimbo Bakeries and Winn-Dixie grocers. Smaller companies include Space Vector Corp. and Akron Steel Treating Co.

“Fidelity is hyper-focused on delivering outstanding service and innovative products that provide better results for both plan sponsors and their participants,” Jim MacDonald, president of Workplace Investing for Fidelity, said in a statement. “By investing in our business and developing technologies and solutions that extend access to workplace savings tools and insights, we’re able to deliver long-term value.”

Among those solutions are tools like Executive Insights, which provides employers with an analytics dashboard to help them understand how the retirement plan is performing; and Easy Enroll, an online enrollment process that adopts behavioral finance principals to overcome employee inertia. According to Fidelity, the three-step process helps participants choose an appropriate savings rate and allocation, then encourages them to elect an annual increase.