December 10, 2012 – Fidelity launched a plan sponsor website, Global Solutions, which will assist companies in managing employee stock plans in multiple countries.
Global Solutions consolidates all of Fidelity’s global stock plan services into one site. Plan sponsors can find information about managing global stock plan requirements (e.g. mandatory cash sweeps); completing plan administration and reporting (e.g. long-share reporting); tax and regulatory support; participant support (e.g. making transaction proceeds available in 130 currencies); and multilingual support (e.g. participant website in 11 languages, including the newly added Malay, Thai and Vietnamese).
Earlier this year, a Fidelity survey found the majority of company stock plan assets (57%) are being earmarked for eventual investment or retirement savings after participants sell them.
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