FOR IMMEDIATE RELEASE CONTACT: Corporate Communications (617) 563-5800 PURDUE UNIVERSITY CHOOSES FIDELITY® AS SOLE 403(b) RETIREMENT PROVIDER

Firm to Act as Recordkeeping and Administrative Service Provider as University Consolidates From Five Vendors to One

BOSTON, Sept. 16, 2010 – Fidelity Investments®, the nation’s No. 1 provider of workplace retirement savings plans1, today reported that it has been selected by Purdue University as its sole 403(b) plan provider.

Fidelity will act as the recordkeeping and administrative service provider to Purdue’s defined contribution retirement plan as well as its voluntary retirement savings program starting Jan. 1, 2011. These plans service about 15,000 Purdue participants, representing approximately $2.3 billion in assets. The University, one of the leading public universities in the U.S.2, will be consolidating its retirement plan from five providers to one.

“More not-for-profit employers, like Purdue University, are turning to Fidelity as the service provider of choice as they look to consolidate with a provider that can both ease their fiduciary and administrative burden and provide their employees with holistic financial guidance,” said John Ragnoni, executive vice president, Tax Exempt, Fidelity Investments.

As one of the country’s largest providers of investment services, Fidelity will bring an enhanced plan offering to Purdue University employees that includes state-of-the-art technology, access to investment information and online enrollment capabilities, and a robust investment lineup representing a broad range of investment styles. Fidelity also will open a West Lafayette office that will help serve Purdue faculty and staff at all campuses with their retirement planning.

1 Based on 2008-2009 data from Cerulli, PlanSponsor.com and Fidelity Market Insights Group 2 U.S.News & World Report: Aug. 17, 2010 university rankings. - more - Purdue Chooses Fidelity as 403(b) Retirement Provider /Page 2 The decision by Purdue was a result of a Retirement Plan Review Task Force charged with making a recommendation.

“Our task force included representatives from all employee groups at Purdue,” said Jim Almond, senior vice president for business services and assistant treasurer, Purdue University. “Purdue’s Retirement Plan Review Task Force was formed in the fall of 2008, and Purdue’s Board of Trustees accepted its recommendations in July.”

Fidelity serves over 3.3 million not-for-profit participants in more than 2,000 workplace savings plans across higher education, healthcare and other institutions. Fidelity is the No. 1 retirement provider to the health care market and No. 2 provider in higher education.

About Fidelity Investments Fidelity Investments is one of the world's largest providers of financial services, with assets under administration of $3.3 trillion, including managed assets of nearly $1.5 trillion, as of July 31, 2010. 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 560581.1.0 © 2010 FMR LLC. All rights reserved. 3 Based on Q1 2010 data sourced from LIMRA and Fidelity Market Insights Group


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