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NEWS - Fidelity Reports Record DC Sales of $40.5 Billion During First Half of 2013

August 1, 2013 – Boston – Fidelity Investments today announced new defined contribution sales and commitments totaling $40.5 billion in assets under administration for the first half of this year, an increase of nearly 60 percent over 2012 first half sales of $25.5 billion.

Sales rose across all market segments, with especially robust sales among tax-exempt plan sponsors, representing 606,000 new participants in 652 workplace plans. In addition, Fidelity renewed $68 billion in assets under administration with existing clients representing 992,000 participants in the first half.

“Plan sponsors’ confidence in Fidelity’s ability to help them navigate an increasingly complex regulatory environment and provide robust financial guidance for their employees have led many employers to choose Fidelity, a company with retirement at its core and a singular focus on delivering a superior experience for both plan sponsors and their participants,” said Steve Patterson, executive vice president and head of sales for workplace investing at Fidelity Investments. “The strong growth across multiple markets this year represents Fidelity’s continuing commitment to supporting plan sponsors directly as well as in partnership with their advisors.”

Strong growth was noted across all sizes of employers and types of industries, ranging from smaller, emerging companies to larger Fortune 100 companies. Sales in the first half included Dell, BBVA Compass, among the top 25 largest U.S. commercial banks based on deposit market share, and NRG Energy, the nation’s largest competitive electricity generator.

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