Featured Jobs
|
BPAS
|
|
Regional Vice President, Sales MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Sentinel Group
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
MAP Retirement
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
MAP Retirement
|
|
Pattison Pension
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
|
Retirement Relationship Manager MAP Retirement
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
|
Fidelity's 2016 'Hidden' Fee Fix for 'Broken' 401(k) Business Model May Spark Fresh State and Federal 401(k) Crackdown
RIABiz
Mar. 19, 2019 "[W]hat jumps out here is language from an internal Fidelity document. The company says -- now that revenue sharing from active managers is drying up -- it needs to charge the fee to address a 'broken business model' and 'unsustainable economics.' Interestingly, this is all happening after the death of the DOL fiduciary rule, which means that the free market is causing disruption ... What happens to Fidelity in the this case will almost certainly determine just how recordkeepers charge and disclose fees." MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |