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What Fidelity Employees' 401(k) Fight Means For Your Retirement
DailyFinance
Sept. 24, 2013
"[Fidelity's] plan includes more than 150 different fund options ... But the employees in the lawsuit argue that every single one of those 150 funds is managed by Fidelity, and many of them carry higher fees than comparable funds from outside providers.... 84 percent of the assets invested in the company's plan by its employees were invested in actively managed Fidelity funds.... [E]ven though employees could have put 100 percent of their money into [other] low-cost choices, they didn't. They made their own affirmative decisions to pay more for Fidelity's active management."
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