Fidelity® Strengthens Its No. 1 Position in the Retirement Industry with More Than $37 Billion in First Half 2014 Sales

Fidelity Investments® continues to lead the industry1 with sales and commitments of $37.2 billion in assets under administration during the first half of 2014, for a second year of elevated sales since 2012. The company also successfully retained 99 percent of its defined contribution (DC) business2 during the first half of the year. Fidelity now has $1.4 trillion in DC assets under administration, making it the clear market leader by a wide margin3. In all, Fidelity added 661,000 participants in 1,093 new client plans, including many companies seeking a single provider of additional benefits offerings such as workplace managed accounts, stock plan services and health savings accounts.

“Fidelity is hyper-focused on delivering outstanding service and innovative products that provide better results for both plan sponsors and their participants,” said Jim MacDonald, president, Workplace Investing, Fidelity Investments. “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.”

Sales Recorded at Companies Big and Small, Whether Directly or Through an Advisor

New business was active across all market segments – from larger, recognized brands in the Fortune 500, to not-for-profit employers and smaller, emerging companies where selecting Fidelity is often an employee benefits differentiator.

Sales to larger companies with thousands of retirement participants include recently announced FirstEnergy, Bimbo Bakeries and Tenneco Inc., plus Bi-Lo Holdings, parent company of BI-LO, Harveys and Winn-Dixie grocery stores. Sales to smaller, growing companies, often acquired with the help of an advisor, include Akron Steel Treating Company with 29 retirement participants and Space Vector Corporation with 51. The firm also won Bon Secours Health System, a tax-exempt employer, and was selected as the lead recordkeeping provider by Boston University, reinforcing its leadership in the not-for-profit health care and higher education markets.

New tools and programs include Executive Insights, a comprehensive business analytics dashboard that helps employers better understand how their plan is performing and what areas are in need of attention. And for employees, Easy Enroll, an intuitive three step process that uses behavioral science to take the complexity out of retirement plan enrollment. Easy Enroll helps people choose a savings rate and an asset allocation that is appropriate to their age and risk tolerance, then elect an annual increase program to help ensure they’re saving enough. In addition, to give employees better access to their retirement plans and information, Fidelity put its NetBenefits® online guidance hub onto the iPad®, extending the company’s comprehensive mobile offering.

About Fidelity Investments

At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: from 23 million people investing their own life savings, to 20,000 businesses needing help managing their employee benefit programs to 10,000 advisors and brokers needing technology solutions to invest their own clients’ money. Privately held and with 41,000 employees around the world, Fidelity is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products.

As of June 30, 2014, the company held assets under administration of $4.9 trillion, including managed assets of $2.0 trillion. It is one of the largest mutual fund companies in the United States and the No. 1 provider of both workplace savings plans and Individual Retirement Accounts (IRAs). For more information about Fidelity Investments, visit www.fidelity.com.

iPad is a registered trademark of Apple, Inc.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.
500 Salem St., Smithfield, RI 02917

694275.1.0
© 2014 FMR LLC. All rights reserved.

1 Pensions & Investments, March 3, 2014, “The Largest DC Record Keepers.”
2 Retention of assets under administration.
3 Ibid. 1.