Plan Administration

Helping defined benefit administrators plan effectively

Fidelity will bring its familiar recordkeeping services and plan administration expertise to your defined benefit plan. From implementation to ongoing services, you will benefit from Fidelity's 25+ years of defined contribution and defined benefit plan experience.

Your defined benefit plan will be implemented by a dedicated project manager and coordinated through your current client service team. Working with your existing team will ensure consistency and full integration if you have other Fidelity recordkept plans and programs.

Plan Sponsor

Ongoing Administration

  • Eligibility tracking and determination
  • Vesting determination
  • Beneficiary maintenance
  • Compliance
  • Regulatory reporting

Disbursements

  • Pension payment processing
  • Tax withholding
  • Tax reporting
  • Other withholding

Event Processing

  • Final benefit calculations
  • Termination/retirement processing
  • Minimum required distributions
  • Death processing
  • Disbursement initiation
  • Event tracking

Corporate Actions Support

  • Project management
  • Plan analysis
  • Communications support
  • Systems modifications

Access

  • Participant phone support
  • View accrued benefits online in defined contribution (DC) recordkeeping system
  • Plan sponsor webstation team workspace
  • Investor centers

Trustee

  • Wire settlement
  • Trade execution and settlement
  • Asset allocation and rebalance
  • Plan valuation
  • Plan accounting
  • Plan reconciliation of account
  • Investment manager communication and coordination
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