What Are Some Benefits of the Fidelity 401(k)?


Quick Answer

Fidelity 401(k) helps employers run an effective retirement plan for employees by providing in-depth executive support and advice on investment choices. Employees also achieve financial literacy with training on investment goals, as claimed by Fidelity Investments.

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Full Answer

Businesses receive advice that helps in reviewing their retirement plan design and assessing annual progress together with finding solutions that work for them. They select from a variety of products and an open-architecture investing plan that allows daily data access and provides efficiency by using Internet-based communicating tools. Businesses receive webcasts, newsletters and up-to-date information on policies and regulations, according to Fidelity Investments.

Employees receive advice that educates, empowers and motivates them to invest wisely. They get individualized information that helps build their confidence in decision making. Professional help is available when selecting investments, life cycle funds and managed account services, as stated by Fidelity Investments. The plan also provides secure entry to online account information, direct customer care phone service and information on updates and retirement insights.

Fidelity 401(k) offers support to business financial advisers and other investment firms by incorporating its services together with the advisers' insights. Advisers assess the advantages the plan provides to the business and employees, according to Fidelity Investments.

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