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Author: billjam Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75386  
Subject: E-Trade fee question Date: 11/26/2013 8:04 AM
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My girlfriend retired in May. She always saved but never paid much attention to the results. One of her employee benefits was receiving company stock, all of which became fully vested when she retired.

She's been working to consolidate her investments. Her 401k at Vanguard has been converted to an IRA at Vanguard due to plan regulations. She had a small taxable brokerage account at Fidelity so that has become the place to consolidate non-retirement account holdings. She deposited company stock she held in certificates. She had company stock from an old company plan held at NYC Mellon transferred to the Fidelity account. Then she had company stock from the most recent plan at E-Trade transferred to Fidelity. That's where the question arises.

She had $247 in cash in the Fidelity account for a long time. At about the time of the E-Trade transfer $60 was removed from the account. I know many IRA accounts are subject to a fee if closed. The E-Trade account wasn't an IRA account but I still suspect E-Trade assessed a fee for the transfer of her company stock to Fidelity. Since there was no cash in the E-Trade account, Fidelity, which was handling the transfer for her, must have paid it from her cash already in the Fidelity account.

I'm sure she will get around to contacting Fidelity after the holidays but if I can save her the trouble, I'd like to do that. Anyone have experience with such a fee at E-Trade?
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