Deals & People
University of Oklahoma Selects Fidelity as Provider
Fidelity Investments has been selected by the University of Oklahoma
(OU) as the sole administrative service provider for its 401(a), 457
and 403(b) defined contribution retirement plans.
Reported by Rebecca Moore
“Fidelity demonstrated an understanding of the University’s desired goals and expectations for the plans’ recordkeeping and represented the best value to the University,” said Chris Kuwitzky, chief financial officer and chairman of the Retirement Plans Management Committee, University of Oklahoma.
John Ragnoni, executive vice president, Tax Exempt Business, Fidelity Investments, noted: “In addition to easing the administrative burden of maintaining multiple providers within their retirement plans, consolidation has increasingly become a solution for many not-for-profit employers, like the University of Oklahoma, in helping minimize fiduciary risk and exposure and delivering a more beneficial plan for employees.”