Dell taps Fidelity Investments to do recordkeeping for its 401(k) plan
Fidelity Investments, the Boston financial-services company, said Friday that as of early last month, it has been providing recordkeeping services for the 401(k) plan used by employees and retirees of Dell, the computer company.
Dell’s 401(k) plan has about 50,000 participants and $3.4 billion in assets under administration.
Fidelity will provide guidance support online, over the phone and through on-demand webinars. Dell’s participants also have access to Fidelity’s 180 investor centers around the country.
In a statement, Jeffrey Lagarce, executive vice president of sales and relationship management at Fidelity, said, “Retirement is at the core of Fidelity’s business, and we are continuing to invest in the technology and tools needed to help participants actively plan for the future they envision and the outcomes they desire.”
As of Dec. 31, Fidelity Investments had assets under administration of $3.9 trillion, including managed assets of $1.7 trillion.Chris Reidy can be reached at email@example.com.