AT&T expands retirement deal with Fidelity

BOSTON, Oct 26 (BestGrowthStock) – AT&T Inc chose Fidelity
Investments as the sole record keeper and administrator of its
retirement plans, including its defined benefit programs,
Fidelity said Tuesday.

Under the expanded deal, Boston-based Fidelity will
administer AT&T (T.N: ) plans covering over 650,000 participants,
up from 343,000 currently. AT&T will migrate to Fidelity’s
platform over the next two to three years.

Fidelity, the top provider of workplace retirement savings
plans, already oversaw the telecommunications company’s 401(k)
plan and some other programs.
(Reporting by Aaron Pressman, editing by Gerald E. McCormick)

AT&T expands retirement deal with Fidelity