| CONTACT: Corporate Communications (617) 563-5800 |
| Fidelity Investments Tax-Exempt Services Company (FITSCo) |
| Fact Sheet |
| OVERVIEW |
| Established in 1991, Fidelity Investments Tax-Exempt Services Co. (FITSCo) is one of the nation's top providers of 403(b), 401(k), 457 and 401(a) retirement savings plans to tax-exempt organizations and the public sector. It provides full-service retirement plans to colleges and universities, healthcare institutions, states, state agencies and local governments. FITSCo's services include investment management, recordkeeping, participant communication and education, and cash management products. |
| ASSETS AS OF MARCH 31, 2003 | |
| Total administered assets* | $67.0 billion |
| 403(b), 401(k), 457 and 401(a) retirement assets | $62.3 billion |
| Other investment management assets | $4.7 billion |
| *Does not include Trust Company DC assets. | |
| CLIENTS | |
| Total tax-exempt plan sponsors | 13,765 |
| Total participants | 1.9 million |
| PRODUCTS AND SERVICES | |
| Defined Contribution/Defined Compensation Plans: | |
| 403(b), 457, 401(k) and 401(a) retirement savings plans | |
| Investment management | |
| Administrative and trustee services | |
| Discretionary and Non-discretionary investment management | |
| Employee communications and education programs | |
| Investment Only plan options | |
| Treasury Management Services: | |
| Institutional Money Market Funds | Flexible Repurchase Agreements |
| Brokerage Services | Arbitrage Rebate Tracking Service |
| Tailored Investment Products | Remote Technology |
| Structured Portfolios | |
| ORGANIZATION | |
| President, Fidelity Investments Tax-Exempt Services Co. | John W. Callahan |
| LOCATION | |
| Headquartered in Marlborough, Massachusetts. | |
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