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Bloomberg: "Fidelity faces state inquiry over fees charged for 401k Plans"
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Topic: Bloomberg: "Fidelity faces state inquiry over fees charged for 401k Plans" (Read 1036 times)
aceyou
Handlebar Stache
Posts: 1669
Age: 41
Bloomberg: "Fidelity faces state inquiry over fees charged for 401k Plans"
«
on:
March 04, 2019, 04:03:52 PM »
I'm a Vanguard guy, but hopefully Fidelity isn't doing anything that bad. I'd like to see several companies doing good things for their clients.
https://www.bloomberg.com/news/articles/2019-03-04/fidelity-faces-state-inquiry-over-fees-charged-for-401-k-plans?srnd=premium
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Indexer
Handlebar Stache
Posts: 1463
Re: Bloomberg: "Fidelity faces state inquiry over fees charged for 401k Plans"
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March 05, 2019, 01:59:45 PM »
It's not even the first time:
https://money.cnn.com/2014/08/18/retirement/fidelity-lawsuits/index.html
In addition, many of their competitors have found themselves in the same trouble. I know Wells Fargo(big surprise right?), and I believe BlackRock, Capital Group(American funds), and a few other financial firms have been sued over their employee 401k plans.
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Bloomberg: "Fidelity faces state inquiry over fees charged for 401k Plans"