At the bell.

Investment News, January, 2007

Fidelity testing 401(k) auto step-up Fidelity Investments wants to push the automated 401(k) plan into new territory with a feature that automatically steps up older employees' contributions to take advantage of the higher savings limit available to those 50 and older, according to sister publication FinancialWeek.

Boston-based Fidelity is testing the feature, called "auto catch-up,'' with 25 companies and hopes to make it available to all its 401(k) clients, said Jamie Cornell, the company's senior vice president of employer marketing. The Internal Revenue Service limits an employee's annual contributions to a 401(k) to $15,500 in 2007, but employees who are 50 and older can put another $5,000 a year into their plan, in what is known as a...

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