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EMM

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  1. EMM

    One Fund Family

    I work with a small non-profit that is in the process of moving its current 403(b) to a new institution. We currently use a brokerage firm which offers thousands of funds from many fund families. We're thinking of moving to a company like Fidelity or Vanguard, but we noticed that each of these companies, and others, allow you to invest ONLY in their own mutual funds. (Fidelity's 403(b) plans include only Fidelity funds, Vanguard's plan only includes Vanguard funds, etc.) I am wondering if there is any risk to the employer in providing a single-family plan. Does anyone know more about this? Can you point me in the right direction? Thanks.
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