Fidelity Investments expects sales of its 401(k)’s to continue to increase through third-party financial advisors to small and midsized companies – and the company plans to reduce fees to gain additional share.
In August, Fidelity plans to switch its Advisor 401(k) platform to a system where the advisor receives a flat fee from Fidelity instead of several different fees in the form of 12b-1 fees.
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