Fidelity Investments is trimming fees on the target-date index funds it sells to retirement plans and rolling out new offerings that combine active and passive strategies.
Taxation of retirement plan distributions and Social Security benefits remains unchanged under the new tax law, but retirees are likely to see an increase in after-tax income.
Plan sponsors worry record keepers will follow suit, limiting the investment options employers are able to offer employees through their workplace 401(k) plans.
