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403(b) sponsors to use Fidelity's Portfolio Planner service

Fidelity Investments announced that ten of its 403(b) plan sponsors are beginning to use its PortfolioPlanner service. Among the plan sponsors are Boston University, Fairview Health System, Sematech, Northwestern University, Argonne National Laboratory, the Navy Federal Credit Union and the City of Arvada, Colorado Police Department.

PortfolioPlanner offers plan participants online retirement savings analysis, proposed optimal asset mixes and recommended model portfolios. Fidelity began offering the service to its 401(k) clients in June and about a dozen plans are either using it or in the process of installing it.