Retirement executives at Fidelity Investments today have a few billion reasons to smile. That’s because the plan provider has renewed its contract with Raytheon Company, a technology and defense company, through 2017. The two companies have a 20-year relationship that began in 1992.
Raytheon currently counts more than 100,000 participants with assets reaching nearly $12 billion on it books.
“Our benefits team performed a careful review of providers to ensure our participants are receiving superior service with access to leading education and online technology to help guide our employees with their retirement planning,” stated Diane Avellar, vice president, Benefits, Performance Development and Global Health Resources, Raytheon. “Fidelity’s record of excellent service and its continuous commitment to providing the best participant experience made them the clear choice.”