Fidelity Investments racked up defined contribution commitments in the first half of the year totaling 315,000 participants, 269 plans and $17 billion in assets under administration, the company says.
The results are not surprising: Fidelity is the dominant DC record keeper, with assets under administration of about $914 billion as of the end of August. And plan sponsors of late have been open to changing custodians, says Christie White, a principal with Cogent Research.
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