Key facts
- Fidelity Investments is planning to introduce a new feature for its 401(k) investments.
- This feature will enable employees to purchase pension-like income.
- The income options will be available within a popular type of 401(k) investment.
Fidelity Investments is preparing to launch a new offering that will allow employees to purchase retirement income directly within their 401(k) plans. This initiative aims to provide a more integrated approach to securing income during retirement, making pension-like benefits accessible through a common type of 401(k) investment.