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Article: Fidelity Investments unveils SIMPLE-IRA.
- Article from:
- Business Wire
- Article date:
- December 30, 1996
CopyrightCOPYRIGHT 1996 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BOSTON--(BUSINESS WIRE)--Dec. 30, 1996--
One of First in Industry to Provide Specifics on Savings
Incentive Match Plan for Employees (SIMPLE) Product Offering
Fidelity Investments today unveiled the details of its new SIMPLE-IRA product, available as of January 2, 1997. The Fidelity SIMPLE-IRA plan will feature: a variety of investment options including a range of no-load mutual funds; a waived plan maintenance fee for 1997; and a dedicated team to service SIMPLE plan sponsors.
Designed for businesses with 100 or fewer eligible employees, SIMPLE plans are funded by employer contributions and allow for employee elective salary ...