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Does having Fidelity as Purdue’s recordkeeper mean that Fidelity funds will be the only investment options offered on the Purdue plans?

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Does having Fidelity as Purdue’s recordkeeper mean that Fidelity funds will be the only investment options offered on the Purdue plans?

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Actually, the opposite is true. For Tiers 1-3, the Task Force proposed that no Fidelity investments be included in the lineup. As Purdue’s recordkeeper, Fidelity will be available to provide investment guidance to Purdue faculty and staff. Without any Fidelity funds in the lineup, Fidelity’s guidance on retirement planning will be completely independent of the funds offered in the plan, eliminating any conflict of interest.

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