Ford Motor reportedly sent notices to employees last month telling them it will drop Fidelity's Magellan fund and three other funds from two other companies from its 401(k) lineup.

The funds will be closed to new investments on Nov. 6, and employees will have until the beginning of next year to redirect their holdings. Should they fail to do so, Ford will move their assets to a stable-value fund.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.