Company stock plans may be problematic for fiduciaries, but the stock plan services business is apparently thriving for Fidelity Investments.
Fidelity on Tuesday said that sales for its stock plan administrative services hit a record in the first half of 2014.
The company added 26 new client agreements as of June 30; that added more than 80,000 new employees and $7 billion to the company's stock plan services business, now totaling $112 billion in plan value for 280 employers. The company has had three straight years of record sales for that segment of its business.
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