He said Ford was not involved in the decision to put Visteon into administration and questions about its pension fund should be answered by the management of Visteon UK and the fund's trustees.
This covers a host of businesses that provide steady income and are not too capital-intensive, such as corporate cash management, foreign exchange, trade finance, global custody and hedge-fund administration.
Fidelity has long been a dominant player in the 401(k) retirement plan services marketplace, offering both administration and record-keeping of plans, as well as mutual fund money management to companies and their employee plan participants.
Many providers have designed their plans so that employers pay a small administration fee while their employees pay large participant fees that go well beyond general fund expenses and typical asset management and recordkeeping services.