Fidelity Investments (aka: Fidelity) - General Status
TRANSACTION PROCESSING ALERT: Fidelity Investments requires “wet signatures” by the Participant and by CCC on distribution transaction processing forms. Please mail completed, signed, and dated Fidelity distribution related forms directly to CCC for processing. For processing contract exchanges, CCC has provided a list of vendors eligible to receive contract exchanges. As a result, Fidelity should process the contract exchange to an eligible vendor without requiring further sign-off by CCC. Please note that no loans or hardship distributions are allowed through Fidelity Investments
Registered Investment Advisor Authorization Forms do not need to be authorized by the Employer if a Direct ISA (in the form of a Fidelity RKA) is in place between the Employer and Fidelity.
Fidelity Investments is remaining in the 403(b) market, but will not enter into Information Sharing Agreements (ISAs) with third parties. Fidelity Investments is not offering an ISA, but rather a Record Keeping Agreement (RKA) with information sharing language. Employers who have entered into Fidelity Investment RKAs and instructions for Employers who wish to complete an RKA can be found by clicking here.
On June 21, 2010 some Employers and effected Employees received notices from Fidelity Investments indicating that the company will no longer be offer the Fidelity Advisors 403(b) investment option and will no longer accept contributions to existing accounts as of October 1, 2010. This change will only effect a small group of participants with Fidelity accounts, as the vast majority of participants contribute to Fidelity Investment accounts rather than Fidelity Advisor accounts. Employers have been notified directly of which participant accounts this change applies to and the participants will individually receive letters notifying them of this change.
Fidelity Investments (aka: Fidelity) Web Homepage
Fidelity has provided this link as its home office webpage. Click on it to obtain general information about products and services offered by Fidelity, or click any of the links below for more specific details on fund profiles, prospectuses, performance, fees, and loading charges.
Investment Fund Information
The following web links have been provided by Fidelity to make available current information about annuity and custodial account investment opportunities offered by the company. Follow these links for fund profiles, prospectuses, performance, fees, and loading charges:
403(b) Investment Options
Fidelity offers the following type of 403(b) investment option:
Roth 403(b) Contribution Policy
Fidelity accepts Roth 403(b) contributions as of January 1, 2006. However, in rare cases some vendors (e.g., Fidelity Investments) require electronic funds transfer (EFT) to accept Roth contributions, so some employers that allow Roth 403(b) Contributions will not remit Roth contributions to such vendors.
Investment products of Fidelity are marketed using the following approaches:
- End of List Declared by Fidelity
Helpful Employee Resources
Fidelity has not provided a weblink to any online consumer education or financial planning tools or calculators they may or may not offer to assist participants with financial planning and education. The moment Fidelity provides a weblink to us, we'll post it here immediately.
Active in Other CCC Employer 403(b) Plans
To see which other CCC Employers hold Active Payroll Slots with Fidelity, please visit our General Fidelity Investments Page.
Vendor Page Maintainance
Vendors may manage their own CCC website pages via authorized logins available upon request. Vendors are invited to update their company and Employer-specific information (Plan or Group Number, Local Contacts, Product Information, Forms, etc.) regularly.
Fidelity Investments has supplied the following forms which may be PDFs or online submittals:
Please contact Fidelity to request any other type of forms you might need.
Employers for which Fidelity Investments (aka: Fidelity) is Eligible to Receive Contributions
Important: The list below represents those Employers in whose 403(b) Plans Fidelity holds an Active Payroll Slot:
Important: The list below represents those Employers in whose 403(b) Plans Fidelity holds an Inactive Payroll Slot:
Employers for which Fidelity is Eligible to Receive Exchanges, Transfers, and Rollovers
Important: The list below represents those Employers in whose 403(b) Plans Fidelity is eligible to receive exchanges, transfers, and rollover contributions because Fidelity has signed
a Direct Information Sharing Agreement with Employers in this list:
Employers for which Fidelity is an Orphaned Vendor
An Orphaned Vendor is a Vendor that received contributions under the Plan during the period 1/1/2005 through 12/31/2008, but has not and will not receive Contributions, Exchanges, Transfers, or Rollover Contributions into Accounts under the Plan after 12/31/2008. The list below represents those Employers in whose 403(b) Plans Fidelity is classified as an Orphaned Vendor:
Employers for which Fidelity is a Deselected Vendor
Important: A Deselected Vendor is a vendor that held an Active or Inactive Payroll Slot an employer's 403(b) Plan and received contributions after 12/31/2008, but the vendor is no longer eligible to receive contributions in the plan. The list below represents the employer 403(b) plans where Fidelity is a Deselected Vendor.
Employers for which Fidelity is a Grandfathered Vendor
Important: The list below represents those Employers in whose 403(b) Plans Fidelity is classified as a Grandfathered Contribution Vendor:
Important: The list below represents those Employers in whose 403(b) Plans Fidelity is classified as a Grandfathered Exchange Vendor: