Who manages the 401K and Profit Sharing plans?

Fidelity Investments is a prominent financial services corporation known for its extensive experience in managing retirement plans, including 401(k) and profit-sharing plans. The firm's robust infrastructure, investment options, and customer service make it a popular choice for companies seeking to administer these types of plans. Fidelity provides a range of services such as plan design, compliance support, investment management, and participant education, which are essential for effective plan management.

Additionally, Fidelity has built a strong reputation in the retirement plan industry, indicated by its large market share and the number of plans it administers. This expertise and established presence are critical when businesses look to partner with a reliable provider for retirement solutions.

While there are other well-known financial institutions that also manage retirement plans, the recognition and specialization of Fidelity in the 401(k) and profit-sharing space set it apart as the correct answer in this context.