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New Fidelity Fee Decision Addresses Several Important Issues for Plan Fiduciaries
Groom Law Group 
Apr. 14, 2020 "[T]he court's 67-page opinion addresses ... a plan fiduciary's obligations with respect to self-directed brokerage accounts and the consideration of collective investment trusts and separate accounts as alternatives to mutual funds. The court also ruled that relief may be available against Fidelity even if Fidelity's breach caused no harm to the Plan and did not result in any profit to Fidelity." [Moitoso v. FMR LLC, No. 18-12122 (D. Mass. Mar. 27, 2020)] MORE >> |
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