BOSTON, Mass., April 29, 2008 - Fidelity Investments today introduced 403(b) Quick^SM, a new Web-based plan document tool designed to help tax-exempt employers generate recordkeeping agreements and plan documents to help them comply with new 403(b) IRS regulations scheduled to take effect January 1, 2009.

The tool, created for employers interested in a simple plan design, is the newest component of a suite of products and services offered by Fidelity to help employers manage their workplace savings plan, while meeting their fiduciary and administrative responsibilities. The 403(b) Quick tool will be made available at no cost to employers interested in working with Fidelity.

"Many tax-exempt employers have expressed concern that they're not ready to tackle the demands of the new regulations," said John Begley, executive vice president, Fidelity Investments. "This new plan document tool, in combination with our other tools and services, provides employers access to virtually all the resources they need to help comply with the 403(b) regulations and ensure their retirement benefits program is attractive to employees," said Begley.

According to a recent survey of Fidelity clients¹, almost 30 percent of employers have not yet created a written 403(b) plan document, a requirement under the new legislation, and many offer 403(b) plans from multiple providers, increasing the amount of administrative work it will take to comply with the new regulations.

New Tool Simplifies Plan Document Creation

The 403(b) Quick tool is simple enough to allow employers to establish a standard recordkeeping agreement with Fidelity, and create a plan document in as little as 15 minutes. Employers answer a series of questions and enter information about the plan, including the employer's contact information, plan information (e.g., plan type and effective dates), plan features (e.g., whether the plan offers catch-up contributions or loan and hardship withdrawals), and information on other approved investment providers offered.

Once all the information has been submitted, the tool will generate a new recordkeeping agreement that will be mailed to the employer to sign². The recordkeeping agreement enables Fidelity to provide comprehensive 403(b) plan administration to the new plan. Once this is complete, Fidelity will then send the completed plan document to the employer along with a comprehensive "how to" manual that takes them through the most essential provisions of the new regulations.

Additional Employer Resources

In addition to the 403(b) Quick tool, Fidelity is releasing a second report on the 403(b) regulations called, "From Surviving to Thriving: Making the Most of the New 403(b) Regulations", available May 2^nd. The report provides employers with a foundational understanding of the basic requirements of the legislation to aid compliance, and offers employers factors to consider when thinking strategically about 403(b) plan design. Highlights include:

•		Five steps to a compliant written plan document
•		Alternative plan designs that could minimize administrative burden and fiduciary risk
•		What to consider when assessing plan design features

All of Fidelity's 403(b) tools and resources, including the new 403(b) Quick tool and report (available on 5/2/08), are available online at www.Fidelity.com/403bregulations.

About Fidelity Investments Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of more than $3.2 trillion, including managed assets of more than $1.5 trillion as of March 31, 2008. Fidelity offers investment management, retirement planning, brokerage, and human resources and benefits outsourcing services to 24 million individuals and institutions as well as through 5,500 financial intermediary firms. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, the largest mutual fund supermarket and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com.

¹ Source: Fidelity internal data from a tax-exempt client survey conducted in the first quarter of 2008.

² Plan sponsors must submit a signed recordkeeping agreement to Fidelity by November 30, 2008 in order to receive a completed plan document before the January 1, 2009 IRS deadline.

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Fidelity Brokerage Services LLC, Member NYSE, SIPC,
100 Summer Street, Boston, MA 02110