1Fidelity analysis as of September 30, 2023. Engagement is measured for approximately 22 million active and terminated participants in corporate DC and TEM plans with a positive balance over a period of the last 12 months "Engaged" includes three tiers: Highly Engaged, Educational Engaged, and Basic-Level Engaged and is defined as follows:
>Basic Engaged: NetBenefits or Fidelity.com log-in; inbound phone call
>Education Engaged: NetBenefits content views/engagement; advisory dashboard visit; financial wellness topic pages view; live events visit; Learn Hub visits; Student Debt Tool visit
>Highly Engaged: Self-led or rep-led tool completion; phone guidance; onsite one-on-one meetings; Fidelity branch visits; workshop attendance; financial wellness assessment completion; IPQ update; journey space interactions; Goal Booster usage
2Population includes the Fidelity enrolled Personalized Planning & Advice base as of September 30, 2023, excluding universal enrollments, $0 balance accounts, and managed account plan conversions.
3Cohort data includes all participants who had been enrolled in Personalized Planning & Advice for 8+ years as of December 31, 2021. Assessment based on Fidelity’s RPM (Retirement Preparedness Measurement) score, which represents the percentage of a participant’s retirement expenses that are on track to be covered in poor market conditions. RPM considers an individual’s contributions, portfolio asset mix, retirement time horizon, and expected retirement expenses.
There are four categories on the retirement preparedness spectrum based on the participant’s ability to cover estimated retirement expenses.
>Dark green: On Target (96 or over). On target to cover 95% or more of total estimated expenses.
>Green: Good (81-95). On target to cover essential expenses, but not discretionary expenses like travel, entertainment, etc.
>Yellow: Fair (65-80). Not on target to sufficiently cover all essential retirement expenses; some modest adjustments to planned lifestyle likely.
>Red: Needs Attention (less than 65). Not on target to sufficiently cover all essential retirement expenses, with significant adjustments to planned lifestyle likely.
Participants who have a score of Yellow (65-80) or above in the 45+ age group are considered retirement ready.
If you have any questions or for more information on our Education Topics, please contact your Fidelity representative.
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Fidelity® Personalized Planning & Advice at Work is a service of Fidelity Personal and Workplace Advisors LLC and Strategic Advisers LLC. Both are registered investment advisers, are Fidelity Investments companies and may be referred to as "Fidelity," "we," or "our" within. For more information, refer to the Terms and Conditions of the Program. When used herein, Fidelity Personalized Planning & Advice refers exclusively to Fidelity Personalized Planning & Advice at Work. This service provides advisory services for a fee.
Effective March 31, 2025, Fidelity Personal and Workplace Advisors LLC (FPWA) will merge into Strategic Advisers LLC (Strategic Advisers). Any services provided by FPWA as described above will, as of March 31, 2025, be provided by Strategic Advisers. FPWA and Strategic Advisers are Fidelity Investments companies.
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