A lower Fidelity Growth Co. Fund manager fee is coming soon. Effective December 16, 2021, the DAP participants will have access to the new Fidelity Growth Company Mutual Fund’s K6 share class. The fund’s fee will lower from 0.75% to 0.45% on December 16, 2021 when the DAP exchanges into the K6 share class.
Archive for November, 2021
Fidelity Growth Company lower manager fee
Tuesday, November 16th, 2021Lower Administrative Fee Effective January 1, 2022
Tuesday, November 16th, 2021A lower administrative fee will be charged to your account. Directed Account Plan regularly reviews the fees charged for the Plan. Effective January 1, 2022, as a result of a recent review, the annual administrative fee will be reduced from 0.15% to 0.12%. The fee is charged monthly to your account. You will see the reduced fee starting with you first quarter 2022 quarterly account statement.
Asset Based Fee Credit to Your DAP Account in November 2021
Friday, November 5th, 2021An Asset Fee Credit will post to your DAP account on or about November 8, 2021 . The Directed Account Plan Board of Directors periodically reviews the growth in assets within the 401(k) Plan’s expense account. During a recent review, the Board determined a portion of these assets could be redistributed to participants’ accounts. The amount to be distributed to your individual account will be pro-rated based on your current account balance and will post to your account in the month of November 2021.
You will see the amount in your 4th Quarter 2021 quarterly account statement under What activity took place this period?; it will be labeled as an “Expense adjustment.”