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Rating:Fido Clinches a Renewal with a Big 401k Client Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 21, 2011

Fido Clinches a Renewal with a Big 401k Client

Reported by Hung Tran

Fidelity Investments, has extended its contract with HP to provide its employees in North America with total retirement services for an additional five years. The extension began on January 1, 2011. As of November 30, 2010, HPs defined contribution assets totaled $14.2 billion.

As a part of the agreement, Fidelity will begin servicing an additional 162,500 participants in the Electronic Data Systems retirement plans previously serviced by JP Morgan Retirement Plans Services. In total, Fidelity will now be servicing all of HPs retirement plan participants, covering more than 135,000 defined contribution and 192,000 defined benefit participants.

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