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Fidelity reports 36 percent increase in DC sales

Fidelity Investments has been enjoying a very strong year in the defined contribution market, with more than $25 billion in sales so far.

By Andy Stonehouse | Updated on August 07, 2012

Fidelity Investments has been enjoying a very strong year in the defined contribution market, with more than $25 billion in sales so far – a 36 percent increase from last year’s first half.

On Tuesday, the company reported DC sales commitments representing 522,000 participants and 838 clients, the largest of which include Fortune 500 companies such as Kraft Foods, which signed on with 51,000 participants and $6.2 billion in new assets under administration.

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