Competition record
Fidelity
Deep profile · 0 linked library matters
Fidelity is a private brokerage and asset manager and one of the largest US 401(k) recordkeepers. A plan that leaves Fidelity has to move every participant's payroll file, loans, and investments, which is the lock-in Schwab, Vanguard, and Empower run into.
Overview
Fidelity is based in Boston and is privately held. Retail brokerage, active funds such as Contrafund, index funds, and workplace recordkeeping are the businesses, and the same customer can meet Fidelity as an employee in a plan and as a retail investor.
Recordkeeping is the sticky institutional product. Payroll feeds, participant loans, and the investment menu are wired to Fidelity's system, and a conversion to Empower, Vanguard, or another recordkeeper is a project the employer and every participant live through.
On the brokerage side, cash yields and fund fees are compared with Schwab and Vanguard every day. Workplace default funds and retail brokerage cash are different levers, and both sit inside one private company.
Competition footprint
401(k) recordkeeping conversions are expensive, so mandates last for many cycles.
Brokerage cash and fund distribution compete directly with Schwab and Vanguard.
Participant data and payroll interfaces are the technical lock-in on the workplace side.
Consumer & business angle
Employees in a Fidelity-recordkept plan use Fidelity's site for loans, rollovers, and the match.
Retail investors compare Fidelity's cash and index funds with Schwab and Vanguard without that workplace tie.
What to watch
- Large 401(k) recordkeeping wins and losses.
- Brokerage cash yields and whether workplace menus default into Fidelity funds.
Markets
brokerage · retirement recordkeeping · asset management
Also known as: fidelity, fidelity investments
Conduct themes
Linked cases in the library
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