Fidelity Investments reported a 34% increase in defined contribution sales to the small to mid-size market in 2012, representing assets of $8.4 billion. The number of plans sold to this market – defined as $50 million in retirement assets or less – reached nearly 1,500 last year, a 36% jump over 2011, according to Fidelity.
Fidelity services 15.8 million defined contribution participants in more than 22,500 workplace plans, making it the industry’s largest workplace retirement plan provider. Some 4,000 advisers sell Fidelity’s DC plans to sponsors.
