Fidelity Investments announced today that it will offer employee stock purchase plan services to institutional customers, including its current 401(k) clients, as the company pushes the growth of its stock plan services business.

The new service gives participants the ability to model individual stock purchases to view potential gains and tax implications prior to the purchase of their company’s shares, as well as view a summary of contributions and change payroll deductions. Employees can also withdraw accumulated cash balances prior to purchase and automatically re-enroll in the plan during future offering periods.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.