Fidelity faces state inquiry over fees charged for 401(k) plans

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THE MASSACHUSETTS Secretary of the Commonwealth said its securities division sent a letter to Fidelity requesting information about fees it charges some mutual funds for using its platform to access retirement plan customers./ BLOOMBERG NEWS FILE PHOTO/JB REED
THE MASSACHUSETTS Secretary of the Commonwealth said its securities division sent a letter to Fidelity requesting information about fees it charges some mutual funds for using its platform to access retirement plan customers./ BLOOMBERG NEWS FILE PHOTO/JB REED
NEW YORK - Fidelity Investments Inc. is facing more scrutiny over fees it charges some mutual funds for using its platform to access retirement plan customers. The Massachusetts Secretary of the Commonwealth said its securities division sent a letter on Feb. 27 to Boston-based Fidelity requesting information about those fees. The inquiry follows a Feb.…

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