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Fidelity® Signs 5-Year Renewal with Ameren Corporation to Provide Workplace Retirement PlansBOSTON – Fidelity Investments®, a leader in helping America’s workforce save for retirement1, today announced it has renewed its retirement services relationship with Ameren Corporation (NYSE: AEE), a Fortune 500 company and provider of electricity and natural gas to customers in Western Illinois and Missouri. Fidelity provides more than 9,000 Ameren employees with a 401(k) plan and eligible employees with a nonqualified retirement plan, with combined assets of approximately $1.5 billion. Fidelity began its relationship with Ameren in 2008 and the five-year renewal commenced on January 1, 2012.
“After careful review, we have decided that Fidelity continues to have the right resources and expertise to ensure our employees are receiving the best retirement plan service possible,” said Mark Lindgren, vice president, Human Resources, Ameren Corporation. “Since we began working with Fidelity, the impact on our plan and our participants has been impressive. We have more employees participating and engaged in saving for their retirement than ever before.”
Plan Design Helps Lead to Participant Saving Success
Fidelity worked closely with Ameren to design a 401(k) plan that meets the needs of its workforce. Features of the plan include auto solutions for new employees, such as auto enrollment and an auto increase program, and defaults into age-based lifecycle funds for improving asset allocation. Fidelity built the plan on its open architecture platform which includes non-proprietary investment options and a Roth deferral. In addition, Ameren offers participants an employer contribution – commonly called a company match – to help strengthen retirement security through increased contributions. Ameren’s 401(k) participation rate of 89 percent2 is 9 percentage points higher than Fidelity’s overall average for plans with auto enrollment3.
“Ameren is a great example of how Fidelity works with clients to build retirement plans that deliver long-term results for employees,” said Jeffrey Lagarce, executive vice president, Sales and Relationship Management, Fidelity Investments. “A successful plan goes beyond simply getting participants enrolled to providing educational guidance that helps ensure they make informed decisions on savings, asset allocation and other factors designed to provide a secure retirement.”
Ameren 401(k) Participants Receive Access to Educational Retirement Guidance
Ameren participants receive access to Fidelity’s educational guidance beginning on the day they enroll in the plan. Participants can access on-demand webinars and an award-winning suite of online investment tools and savings calculators. They can also take advantage of on-site workshops at Ameren locations and one-on-one consultations with investment professionals over the phone or in-person at Fidelity’s more than 160 investor centers nationwide, including in St. Louis, home of Ameren’s headquarters.
About Fidelity Investments
Fidelity Investments is one of the world’s largest providers of financial services, with assets under administration of $3.4 trillion, including managed assets of $1.5 trillion, as of December 31, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.
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