U.S. Chamber picks Fidelity to sell retirement plans.(US Chamber of Commerce, Fidelity Investments)

National Underwriter Life & Health-Financial Services Edition, April, 1996 by Bell, Allison

Fidelity Investments has been chosen by the US Chamber of Commerce to sell salary-reduction savings programs, Simplified Employee Pension Plans and Keogh plans to the 200,000 Chamber member companies with under 100 employees. Only 20% of these firms offer a retirement plan in 1996. The decision was reached in Apr 1996 after several insurance company programs were reviewed.

Fidelity Investments beat out dozens of insurance companies and other competitors last week for the right to sell retirement services through the U.S. Chamber of Commerce.

Fidelity will begin selling 401(k), Keogh and Simplified Employee Pension plans this summer to Chamber members. The giant mutual fund company will aim its services at the 200,000 Chamber member companies with fewer than 100...

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