Business

U. of Washington taps Fidelity to manage its retirement plans

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Fidelity Investments said Wednesday that it has been hired to be the master administrator of retirement benefits for two retirement programs at the University of Washington.

Those plans are available to more than 27,000 university employees and retirees, said Boston-based Fidelity, a financial services company whose products include workplace retirement plans for tax-exempt entities such as colleges and universities.

In an effort to streamline administration of its retirement plans, the University of Washington is reducing the number of providers and utilizing Fidelity as its sole record-keeping service provider, Fidelity said.

Chris Reidy can be reached at reidy@globe.com.
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