Published: November 08, 2011

Janus Selects Fidelity as Its Retirement Benefits Provider

Share This Story

BOSTON - (BUSINESS WIRE) - Fidelity Investments, the leader in helping America's workforce save for retirement¹, today announced it was chosen by Janus Capital Group, Inc. (NYSE: JNS) to provide the company with a defined contribution plan (DC), a non-qualified retirement savings plan and stock plan services. Fidelity began delivering certain Janus participants with 401(k) and non-qualified retirement savings plans on July 1, and began providing eligible participants with stock plan services on October 17. Upon final implementation of all three savings programs, Fidelity will service approximately 1,100 Janus participants with an estimated $250 million in assets under administration.

"Fidelity's ability to meet our needs as a broker-dealer and its experience working with more complex implementations reinforced our decision to choose the company as our retirement benefits provider," said Sue Armstrong, manager, Equity Retirement, Janus. "Our participants are already taking advantage of Fidelity's investment guidance, including online tools and the popular on-demand workshops, helping them build more secure futures."

Fidelity Expertise Ensured a Smooth Transition

Due to the complexities involved in converting assets within multiple retirement plans from one provider to another, Janus chose Fidelity for its proven track record in handling such integrations, resulting in a seamless and efficient transition for both Janus administrators and participants.

"We are thrilled to be chosen by Janus as its retirement provider," said Jeffrey Lagarce, executive vice president, Sales and Relationship Management, Fidelity Investments. "We look forward to providing a rich participant experience complete with the broad range of investment options available through Fidelity's open architecture plan design, educational guidance, and ease of use to meet the needs of its sophisticated employee base."

Daily Reporting Functionality Helps Ensure Compliance

As a financial services firm, Janus must meet certain regulatory requirements under FINRA² Rule 350 and the recently established Dodd-Frank Wall Street Reform and Consumer Protection Act, including the monitoring of securities trading activities by employees. Fidelity's Employee Compliance Reporting platform delivers Janus a daily electronic snapshot of participant trading accounts and positions so that the company may ensure it is in compliance both with industry regulations and its own corporate code of ethics.

Comprehensive Guidance Immediately Available to Janus Participants

Janus participants now have access to the full range of Fidelity investment guidance including on-site and on-demand workshops, through the company's innovative online tools, and over the phone. Participants may also meet one-on-one with Fidelity investment representatives at more than 160 investor centers nationwide including three in metropolitan Denver, Colorado, the headquarters of Janus. In addition, Janus 401(k) participants each received a welcome call from Fidelity to assist them with enrollment, asset allocation, setting their deferral rate and other retirement savings questions.

About Janus Capital Group, Inc.

Janus Capital Group Inc. (JCG) is a global investment firm offering strategies from three individual investment boutiques: Janus Capital Management LLC (Janus), INTECH Investment Management LLC (INTECH) and Perkins Investment Management LLC (Perkins). Each manager employs a research-intensive approach that is distinct within its respective asset class. This multi-boutique approach enables the firm to provide style-specific expertise across an array of strategies, including growth, value and risk-managed equities, fixed income and alternatives through one common distribution platform. At the end of September 2011, JCG managed $141.0 billion in assets for shareholders, clients and institutions around the globe. Based in Denver, JCG also has offices in London, Milan, Munich, Singapore, Hong Kong, Tokyo and Melbourne.

About Fidelity Investments

Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of $3.2 trillion, including managed assets of more than $1.4 trillion, as of September 30, 2011. Founded in 1946, the firm is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products and services to more than 20 million individuals and institutions, as well as through 5,000 financial intermediary firms. For more information about Fidelity Investments, visit www.fidelity.com.

Fidelity Brokerage Services LLC, Member NYSE, SIPC
900 Salem Street, Smithfield, RI 02917

Fidelity Investments Institutional Services Company, Inc.
100 Salem St., Smithfield, RI 02917

Although consultations are one on one, guidance provided by Fidelity is educational in nature, is not individualized and is not intended to serve as the primary or sole basis for your investment or tax-planning decisions.

¹ Pensions & Investments' annual Defined Contribution Record Keepers Survey, Dec. 31, 2010, and Cerulli Edge Retirement Edition, First Quarter 2011

² Financial Industry Regulatory Authority