Thread regarding Fidelity Investments layoffs

A Lawsuit that can work

Like some have said, suing Fidelity for firing you for the reimbursement issue has a lousy chance of success. If you want a lawsuit that has a chance to hurt Fidelity it would be regarding their contributions to the 401k plan. Has anyone noticed how the plan buys in on Wednesday’s after you get paid. This means Fidelity is holding the funds for 5 days. What are they doing with this money. Other people I know that have plans with Fidelity their funds buy in on the day they get paid. Think of all the dividends and possible gains that have been missed out on for all these years. I say people band together and sue over this issue as it could cause some real pain if that’s what you are after.

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Post ID: @OP+Tc9oWPN

5 replies (most recent on top)

This isn’t inaccurate information (they hold it for 5 days), however if it’s allowed by law then ok.

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Post ID: @1lqk+Tc9oWPN

Fidelity is required to make "timely" contributions. Government allows this. Many companies are much worse.

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Post ID: @1wdr+Tc9oWPN

This is inaccurate information.

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Post ID: @hlt+Tc9oWPN

Why would staff post a message to sue the company?

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Post ID: @htj+Tc9oWPN

Was this posted by the communications staff?

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Post ID: @yne+Tc9oWPN

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