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NEWS - Fidelity Breaks Sales Record of Small and Mid-Sized DC Plans in 2013

April 2, 2014 – Boston – Fidelity Investments added more than $8.9 billion in new assets in the small- and mid-sized corporate defined contribution (DC) market last year – those plans with $50 million in assets or less – a new high in annual sales for that market and an increase of 7 percent over the prior year’s sales. The company won more than 1,500 plans, an increase of 5 percent over 2012, and nearly 240,000 new participants.

“Employers of every size choose Fidelity to help them guide their workforce toward improved retirement savings outcomes,” said Steve Patterson, executive vice president of sales, Fidelity Investments. “Fidelity’s superior client service levels have always driven its success. But today clients also turn to Fidelity for its educational guidance for employees, innovative mobile and tablet offerings, and data analytics that enable well-informed decisions for employers and employees alike.”

Clients in this market that joined Fidelity’s platform in 2013 include Cole Haan, makers of fine shoes, bags and outerwear; Ariel Investments, a Chicago and New York-based money management firm; and Acceptance Insurance (NYSE: FAC), offering auto, renters and other insurance products.

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