Fidelity Launches Retirement Planning Solution

Plan for Life takes a broader approach to retirement planning, taking into account the complex needs of employees as they move through various life stages and changes in their personal situation or their workplace benefits plan.   

As a part of the Plan for Life rollout, Fidelity is making enhancements to its overall participant offering, including:  

• Expanding its team of licensed phone representatives dedicated to helping guide participants through more complex benefits decisions; 
• Broadening workplace education to include onsite retirement planning consultations, and enabling on-the-spot enrollment using mobile tablets; 
• Introducing Income Simulator, a tool to help illustrate potential retirement income; and 
• Rolling out enhancements on NetBenefits.com, Fidelity’s participant website, to improve navigation and drive more confident decisions around life events. 

“Plan for Life is a reflection of how our participants’ needs have evolved and expanded over the years with competing financial priorities and a heavier reliance on their workplace savings plans to help them plan for retirement,” said Julia McCarthy, executive vice president, Workplace Marketing, Solutions and Experience, Fidelity Investments. “Simply asking employees to save more money from each paycheck no longer addresses many of the challenges our participants are facing in today’s economic environment. Plan for Life and the significant investments we continue to make in our participant experience will help them manage the complexities but simplify the decisionmaking process.”