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Fidelity 401(k) Lawsuit Could Up Ante For Plan Advisers
FYI: (This is a follow-up article) A lawsuit filed recently against Fidelity Investments, the largest record keeper of defined contribution plans in the U.S., highlights the growing scrutiny on 401(k) plan costs and increased need for retirement plan advisers to evaluate all tranches of fees paid to plan providers Regards, Ted http://www.investmentnews.com/article/20160606/FREE/160609945?template=printart
Vanguard pitched Financial Engines for my Vanguard 401K. I wondered why a low cost fund family would want me to pay 0.4% extra in fees. It seems that Financial Engines was one of the first robo advisors.
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