Providing 401(k) Retirement Plan to Employees Who Serve Up Sara Lee®,
and Other Bimbo Bakery Brands
“We’re really excited to be back with Fidelity to benefit from an industry leader offering, superior client service, an engaging participant experience, and innovations in education and communication strategies,” said
“Fidelity understands how important client service is today,” said
Bimbo’s 401(k) plan is designed to help associates make the most of their savings opportunities, no matter their tenure with the firm, age or geographic location. It auto enrolls new associates, provides an auto increase program to annually boost savings by one percent per year, and offers a Roth 401(k) deferral, a savings option that has numerous tax advantages, especially for younger investors with the longest savings horizon.
Fidelity’s Retirement Education Always Available to Bimbo Employees
With Bimbo’s workforce so geographically dispersed, the company sought a retirement provider that offers the latest in digital technologies for convenient access to account information and educational guidance. Fidelity’s employee NetBenefits® digital guidance experience, available on the web, and on smartphone and tablet apps, helps ensure every Bimbo employee has access to their plan information when and where they choose. These digital offerings are part of Plan for Life, Fidelity’s workplace guidance experience, which also includes dedicated phone representatives, webinars, videos and support from Fidelity’s more than 180 investor centers nationwide, including many located near Bimbo’s various bakeries.
At Fidelity, our goal is to make financial expertise broadly accessible and effective in helping people live the lives they want. We do this by focusing on a diverse set of customers: from 23 million people investing their own life savings, to 20,000 businesses needing help managing their employee benefit programs to 10,000 advisors and brokers needing technology solutions to invest their own clients’ money. Privately held and with 40,000 employees around the world, Fidelity is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing and many other financial products.
Bimbo Bakeries and
Fidelity Investments Institutional Services Company, Inc.
1 Plan participants include both current employees and retirees with a balance.
Corporate Communications, 617-563-5800
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