Originally Posted by
Hank Kingsley
You all happy with the realignment of the Fidelity 401 choices. Lost the REIT, which has been doing well. I believe many companies have been streamlining the plans, probably to save $$.
401k choices have been getting worse since the late 90s. My first 401k had 45 funds to choose from and no lifecycle funds which have double management fee levels. The previous funds were retail funds which generated management fees for fidelity. They are effectively moving choice to the brokerage link where fidelity makes money on transactions. I’m sure there’s incentive for Delta, probably reduced cost.