Thread regarding Fidelity Investments layoffs

FIDELITY CLASS ACTION LAWSUIT ?

Anyone hear about this ?

Fidelity calls the charge an “infrastructure fee.” The fee reportedly amounts to 0.15 percent of not only Fidelity customer assets, but also of the mutual-fund company’s industry-wide assets. It was implemented in 2016.

https://topclassactions.com/lawsuit-settlements/money/fees/883724-fidelity-401k-fees-class-action-lawsuit-investigation/?utm_medium=email&utm_campaign=312%20Newsletter&utm_content=312%20Newsletter+Version+B+CID_ffcf2501353dadb6c7aebcdf3d860c1f&utm_source=Campaign%20Monitor&utm_term=Do%20You%20Have%20a%20401k%20or%20Other%20Funds%20Through%20Fidelity%20Investments

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Post ID: @Y4Mjqb0

2 replies (most recent on top)

yes! especially after outside fund families were added after the class action lawsuit around 3-4 years ago. you can't get cute with ERISA stuff. this could become quite a big deal.

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Post ID: @Y4Mjqb0-8xdj

So curious if this infrastructure fee also applied to FMR funds... If so it would be a bigger black eye, right?

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Post ID: @Y4Mjqb0-7lbu

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