401(k) ‘kickback’ suit against Fidelity booted from court
A federal judge found that Fidelity was not a fiduciary to the plans at the center of a class-action lawsuit
Fidelity Investments has won a legal challenge to its practice of collecting shelf-space payments from third-party mutual funds used in its retirement plan record-keeping business.
The company negotiated such payments with fund providers on its FundsNetwork system in 2017, applying the fees if th
Learn more about reprints and licensing for this article.