Co-Branded Site on Monster Features Strategies to Keep Retirement Savings Working
BOSTON and MAYNARD, Mass., Jun 11, 2002 (BUSINESS WIRE) -- Fidelity Investments(R) and Monster(R) today announced a strategic alliance to bring Fidelity's retirement savings education to Monster users. The 16.3 million monthly unique visitors to Monster will have access to Fidelity's online educational tools and information to help them manage their retirement savings during job transitions and throughout their careers.
Monster and Fidelity will create a co-branded site, accessible directly from the Monster homepage, featuring exclusive educational content from Fidelity to help users evaluate their options for managing their 401(k), 403(b) or 457 workplace retirement plan savings through a job transition. In addition, the micro site will contain links to information on Fidelity.com detailing the benefits of consolidating workplace savings and step-by-step assistance for transferring assets to a Rollover IRA.
"The more than one in five Americans who typically change jobs each year(1) face a common dilemma of what to do with their workplace retirement savings plan assets when they make the transition," said Tracey Esherick, executive vice president, Fidelity Investments. "Finding and adjusting to a new job is difficult enough without having to worry about interrupting a long-term retirement savings strategy. By bringing Fidelity's retirement savings experience and options the Monster site, we're providing education to help make the transition a little less stressful for millions of American workers."
"Monster is pleased to join forces with Fidelity to offer services that help workers with their career and retirement savings decisions," said Steve Pogorzelski, president, Monster, North America. "Americans have turned to Fidelity for help in managing their retirement savings for decades, so it makes sense for Fidelity to provide the information workers need to keep their retirement savings on track when they turn to Monster for guidance through the twists and turns of their careers."
About Fidelity Investments(R)
Fidelity Investments is one of the world's largest providers of financial services, with custodied assets of $1.4 trillion, including managed assets of $862.6 billion as of April 30, 2002. Fidelity offers investment management, retirement planning, brokerage, human resources and benefits outsourcing services to 17 million individuals and institutions as well as through 5,500 financial intermediaries. The firm is the largest mutual fund company in the United States, the No. 1 provider of workplace retirement savings plans, one of the largest mutual fund supermarkets and a leading online brokerage firm. For more information about Fidelity Investments, visit www.fidelity.com .
Monster, headquartered in Maynard, Mass., is the leading global careers network and the flagship brand of TMP Worldwide Inc. (NASDAQ: TMPW), recording over 47 million unique visits during the month of April 2002 according to independent research conducted by I/PRO. Monster connects the most progressive companies with the most qualified career-minded individuals, offering innovative technology and superior services that give them more control over the recruiting process. The Monster global network consists of local content and language sites in the United States, United Kingdom, Australia, Canada, the Netherlands, Belgium, New Zealand, Singapore, Hong Kong, France, Scotland, Germany, Ireland, Spain, Luxembourg, India, Italy, Sweden, Norway, Denmark, Switzerland, and Finland. Monster is the official online career management services sponsor of the 2002 Olympic Winter Games and 2002 and 2004 U.S. Olympic Teams. More information about Monster is available at www.monster.com  or by calling 1-800-MONSTER.
About TMP Worldwide
Founded in 1967, TMP Worldwide Inc., with more than 10,000 employees in 32 countries, is the online recruitment leader, the world's largest Recruitment Advertising agency network, and one of the world's largest Executive Search and Executive Selection agencies. TMP Worldwide, headquartered in New York, is also the world's largest Yellow Pages advertising agency and a provider of direct marketing services. The company's clients include more than 90 of the Fortune 100 and more than 490 of the Fortune 500 companies. In June 2001, TMP Worldwide was added to the S&P 500 Index. More information about TMP Worldwide is available at www.tmp.com .
Fidelity Brokerage Services, LLC
Member NYSE, SIPC
Special Note: Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: Except for historical information contained herein, the statements made in this release constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements involve certain risks and uncertainties, including statements regarding the company's strategic direction, prospects and future results. Certain factors, including factors outside of our control, may cause actual results to differ materially from those contained in the forward-looking statements, including economic and other conditions in the markets in which we operate, risks associated with acquisitions, competition, seasonality and the other risks discussed in our Form 10-K and our other filings made with the Securities and Exchange Commission, which discussions are incorporated in this release by reference.
(1) "Landing a Plump Package in Tough Times," Businessweek, February 5, 2002.
Fidelity Corporate Communications
Kevin Mullins, (978) 461-8751