Bon Secours Health System Inc. hired Fidelity Investments as record keeper of its defined contribution plans, according to its website.
The change is effective July 14. The Marriottsville, Md., health system “believes that Fidelity will offer employees an even better way to plan and prepare to meet our financial goals and investment objectives for retirement,” according to a video posted by the health system.
The health system’s current record keeper is VALIC.
The Retirement Plan of Bon Secours Health System Inc. had $107 million in assets as of Dec. 31, 2012, according to its most recent Form 5500 filing. Information regarding other plans was not available by press time.
Teresa Encarcion, manager, retirement plans, declined to comment and referred questions to Peggy Moseley, spokeswoman, who did not return phone calls by press time.