Fidelity Settles Workers' 401(k) Plan Suit For $28.5M

By Brian Dowling (July 2, 2020, 4:14 PM EDT) -- Fidelity has struck a $28.5 million deal with current and former employees to settle a class action claiming the investment firm put profits ahead of their retirement savings by harvesting "excessive" fees from a limited lineup of Fidelity-affiliated funds in its 401(k) plan. ...

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