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Fidelity Charging New Fee On Vanguard Assets Held In 401(k) Plans

TedTed
in The Bullpen
FYI: (Click On Article Title At Top Of Google Search)
Fidelity Investments, the largest record keeper of assets held in defined-contribution plans, has begun charging employers a fee on 401(k) assets held in Vanguard Group investment funds.

Starting this year, Fidelity will charge all new 401(k) clients a 0.05% fee on participant assets invested with Vanguard, which has emerged over the past several years as an index-fund behemoth as investors have moved away from active investing.
Regards,
Ted
https://www.google.com/search?source=hp&ei=bw1nWuXHHIHYtQXTypOQBA&q=Fidelity+charging+new+fee+on+Vanguard+assets+held+in+401(k)+plans&oq=Fidelity+charging+new+fee+on+Vanguard+assets+held+in+401(k)+plans&gs_l=psy-ab.3...2723.2723.0.4272.1.1.0.0.0.0.87.87.1.1.0....0...1c.2.64.psy-ab..0.0.0....0.PT69r3L53x0
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