Business

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.

Advertisement

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 reidy@globe.com.
Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
You're reading  1 of 5 free articles.
Get UNLIMITED access for only 99¢ per week Subscribe Now >
You're reading1 of 5 free articles.Keep scrolling to see more articles recomended for you Subscribe now
We hope you've enjoyed your 5 free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com