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My company is switching to Fidelity for my deferred comp.

Is this a good thing?


Hi darrellquock,
My company used Fidelity and even though I'm retired, I've kept my 401k there with Fidelity. Depending on how big your company is, the fee structure for the funds will be different, but all are good. Ours went from low to very low, when we were moved to the institutional versions of the funds. Vanguard is comparable, however. I prefer dealing with Vanguard just because they don't try to sell you things - my experience with them has been more, "this is what we offer, and if it's not for you, no problem". Fidelity tried to keep a relationship going, which is fine for some if you want the input, but which I find a bit annoying.

You can't go wrong with either, in my opinion, and you should think a 401k with Fidelity is a good thing, in my opinion, assuming your plan provides you enough offerings to diversify sufficiently.

Howard
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