Fidelity’s offering to OU employees includes comprehensive education and investment guidance, technology with online enrollment capabilities, and a broad array of investment options designed to meet various investor needs and preferences.The university’s retirement plans include more than 10,000 participants, representing approximately $1.2 billion in retirement savings.
“Fidelity demonstrated an understanding of the
University’s desired goals and expectations for the plans’ recordkeeping
and represented the best value to the University,” said Chris Kuwitzky,
chief financial officer and chairman of the Retirement Plans Management
Committee, University of Oklahoma.
Ragnoni, executive vice president, Tax Exempt Business, Fidelity
Investments, noted: “In addition to easing the administrative burden of
maintaining multiple providers within their retirement plans,
consolidation has increasingly become a solution for many not-for-profit
employers, like the University of Oklahoma, in helping minimize
fiduciary risk and exposure and delivering a more beneficial plan for