Yeshiva University, New York, hired Fidelity Investments to provide the investment platform and become record keeper for its four 403(b) plans, with combined assets of $900 million, said Michael Bloom, director of benefits.
Fidelity replaced Prudential.
Yeshiva also changed several investment options. The plans now offer 20 options, about six of which are Fidelity funds and the rest are managed by other investment advisory firms, along with Fidelity Freedom target-date funds, Mr. Bloom said.
Mr. Bloom declined to provide other details about the changes.