Fidelity Investments has extended its agreement with HP to provide its employees in North America with total retirement services for an additional five years. Fidelity will start servicing an additional 162,500 participants in the EDS2 retirement plans previously serviced by other providers as per the new agreement, which originally began in 1991.
In total, Fidelity will now provide services to all of HP’s retirement plan participants, covering over 135,000 defined contribution and 192,000 defined benefit participants. HP participants will continue to access their retirement accounts as well as planning tools through Fidelity’s NetBenefits web site.
Click here for the release from Business Wire.