Fidelity announced that new contracts for its integrated benefits services brought the number of Fortune 100 companies it serves to 46 in the fourth quarter. Expected strong momentum into 2010 should result in 300,000 workers at Fortune 100 companies being added to the platform, Fidelity said.
In total, Fidelity serves more than 22 million people in 20,000 plans, providing 401(k) and other defined contribution plans, defined benefit, health and welfare, stock plan services, health savings accounts and consulting services.
“In these challenging economic times, leading American companies are increasingly turning to Fidelity for a more integrated total benefits experience for themselves and their employees,” said Jim MacDonald, president of workplace investing at Fidelity.
“As an industry leader across many workplace benefits, Fidelity is uniquely positioned to help employers gain greater cost efficiencies, while also leveraging the firm’s extensive investor education resources that can provide employees with greater education and guidance on important health and personal finance issues,” MacDonald added.