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Fidelity Fighting for 403(b) Plan Market: 'Renewed Attention' to Unseating Giant TIAA-CREF
Pensions & Investments 
Sept. 27, 2007 Originally published July 23, 2007. Excerpt: The Boston-based firm ranks second in 403(b) plan assets, significantly behind TIAA-CREF Inc., New York. Now, Fidelity executives want to change that. While Fidelity clearly has a stronghold in the corporate 401(k) market -- it is top dog, with about $397 billion in 401(k) assets as of Dec. 31 -- the firm had just $49.8 billion in 403(b) assets under management, a fraction of TIAA-CREF's $370.8 billion[.] MORE >> |
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