Fee Structures have changed dramatically for 401(k) plans
Written: Jul 30 '06
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Pros: Lower costs for investors
Cons: Only if in an employer-sponsored plan
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| jellyroll4's Full Review: Fidelity Investments 401K Services |
In April 2005, Fidelity modified the fund agreements for most all 401(k) type purchases to eliminate front-end fees available through employee plans. In a few cases, there are still small back-end fees ("CDSC's"), but only for selling shares in the first year.
The prior line of commentary was certainly accurate and useful for investors considering Fidelity funds in their 401(k) plans prior to that date, but not now.
Note, however, this benefit applies to purchases through 401(k) plans and not IRA's - Rollovers, Roth, SEP, or others.
Recommended:
Yes
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Epinions.com ID: jellyroll4
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Reviews written: 1
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