Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Holding non-fidelity funds at fidelity
Old 04-30-2013, 10:06 AM   #1
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
Holding non-fidelity funds at fidelity

OK, I have a 401k at fidelity (solo 401k) where it appears I can purchase funds from Vanguard if I wish. Right now I'm holding one of their spartan series bond funds, but I prefer the vanguard equivalent as it has a lower expense ratio and somewhat better performance.

My question is: does anybody hold vanguard funds through a fidelity 401k (or IRA would be the same I guess) and if so, what extra expenses do I have to look out for by doing this? I haven't researched on the fidelity website very much yet, nor this site, so if this has been covered, I apologize....since I am still a w*rking stiff, my time is limited!

Also....I do not want to roll over the 401k to an IRA at Vanguard as it will wreak havok with my backdoor roth contributions each year.
__________________

__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-30-2013, 10:36 AM   #2
Thinks s/he gets paid by the post
 
Join Date: Feb 2012
Posts: 1,103
I'm a big FIDO fan, admittedly so. Have all our IRA's,Roth's, and Brokerage with them. Includes about 1/2 non FIDO funds, whenever I purchased them there was no fee to do so. A big fan of diversification, I don't when it comes to where I keep our stuff because it's so easy to use their tools to manage and track it. I used to have Vanguard 500 but moved to the Spartan Index. Can't remember why.
__________________

__________________
H2ODude is offline   Reply With Quote
Old 04-30-2013, 10:37 AM   #3
Recycles dryer sheets
Jake46's Avatar
 
Join Date: Sep 2006
Location: Fort Collins
Posts: 194
I own several Vanguard funds in my Fidelity account. The Vanguard funds are not NTF so there is a $75 transaction fee.
__________________
Jake46 is offline   Reply With Quote
Old 04-30-2013, 10:38 AM   #4
Thinks s/he gets paid by the post
mpeirce's Avatar
 
Join Date: Feb 2012
Location: Columbus area
Posts: 1,590
I hold a Vanguard ETF in a Fidelity IRA account. I think there was a very modest commission to buy it ($8?)

The ETF and the corresponding fund are pretty much equivalent.
__________________
mpeirce is offline   Reply With Quote
Old 04-30-2013, 10:40 AM   #5
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,909
Between us we have three 401(k)s at Fidelity. The Fidelity connection doesn't really come into play, in terms of costs or fees - that's just been a matter of the terms and condition of the specific 401(k) plans, themselves.
__________________
bUU is offline   Reply With Quote
Old 04-30-2013, 10:44 AM   #6
Recycles dryer sheets
 
Join Date: Apr 2012
Location: Birmingham, AL
Posts: 189
I believe Vanguard funds have a flat $75 transaction fee to purchase. A sizeable number of non-Fidelity mutual funds have no additional fee while some have the $75 fee.

In my experience, the Fidelity site is very clear when you try to purchase a "transaction fee" fund so you don't do it accidentally.

Hope this helps.
__________________
Greg V is offline   Reply With Quote
Old 04-30-2013, 11:05 AM   #7
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,909
Okay you've made me check, and I confirmed that we pay no fee to exchange 401k holdings into Vanguard funds available in my spouse's former-employer 401k plan at Fidelity:

VANG CONVERTIBLE SEC (VCVSX)06/17/1986Blended Fund Investments*Convertibles0.52%No additional fees apply.
VANG DIV GROWTH INV (VDIGX)05/15/1992Stock InvestmentsLarge Blend0.31%No additional fees apply.
VANG EQUITY INC ADM (VEIRX)08/13/2001Stock InvestmentsLarge Value0.21%No additional fees apply.
VANG EXPLORER ADM (VEXRX)11/12/2001Stock InvestmentsSmall Growth0.32%No additional fees apply.
VANG FTSE SOCIAL IDX (VFTSX)05/31/2000Stock InvestmentsLarge Growth0.29%No additional fees apply.
VANG GLOBAL EQ INV (VHGEX)08/14/1995Stock InvestmentsWorld Stock0.59%No additional fees apply.
VANG GNMA ADM (VFIJX)02/12/2001Bond InvestmentsIntermediate Gov't0.11%No additional fees apply.
VANG GRTH & INC ADM (VGIAX)05/14/2001Stock InvestmentsLarge Blend0.25%No additional fees apply.
VANG HI YLD CORP ADM (VWEAX)11/12/2001Bond InvestmentsHigh Yield Bond0.13%No additional fees apply.
VANG INFL PROT INST (VIPIX)12/12/2003Bond InvestmentsIntermediate Gov't0.07%No additional fees apply.
VANG INTL EXPLOR INV (VINEX)11/04/1996Stock InvestmentsForeign Sm/Mid Growth0.43%No additional fees apply.
VANG INTL GROWTH ADM (VWILX)08/13/2001Stock InvestmentsForeign Large Blend0.36%No additional fees apply.
VANG INTM BOND INST (VBIMX)01/26/2006Bond InvestmentsIntermediate-Term Bond0.07%No additional fees apply.
VANG INTM INV GR ADM (VFIDX)02/12/2001Bond InvestmentsIntermediate-Term Bond0.10%No additional fees apply.
VANG INTM TREAS ADM (VFIUX)02/12/2001Bond InvestmentsIntermediate Gov't0.10%No additional fees apply.
VANG LT BOND IDX IS (VBLLX)02/02/2006Bond InvestmentsLong-Term Bond0.07%No additional fees apply.
VANG LT INV GR ADM (VWETX)02/12/2001Bond InvestmentsLong-Term Bond0.12%No additional fees apply.
VANG LT TREASURY ADM (VUSUX)02/12/2001Bond InvestmentsLong Government0.10%No additional fees apply.
VANG MIDCAP GRTH INV (VMGRX)12/31/1997Stock InvestmentsMid-Cap Growth0.54%No additional fees apply.
VANG MIDCAP IDX INST (VMCIX)05/21/1998Stock InvestmentsMid-Cap Blend0.08%No additional fees apply.
VANG MORGAN GRTH ADM (VMRAX)05/14/2001Stock InvestmentsLarge Growth0.26%No additional fees apply.
VANG PRIMECAP CORE (VPCCX)12/09/2004Stock InvestmentsLarge Growth0.50%No additional fees apply.
VANG SELECTED VALUE (VASVX)02/15/1996Stock InvestmentsMid-Cap Value0.38%No additional fees apply.
VANG SM CAP IDX INST (VSCIX)07/07/1997Stock InvestmentsSmall Blend0.08%No additional fees apply.
VANG ST BOND IDX IS (VBITX)09/27/2011Bond InvestmentsShort-Term Bond0.07%No additional fees apply.
VANG ST FEDERAL ADM (VSGDX)02/12/2001Bond InvestmentsShort Government0.10%No additional fees apply.
VANG ST INV GR ADM (VFSUX)02/12/2001Bond InvestmentsShort-Term Bond0.11%No additional fees apply.
VANG ST TREASURY ADM (VFIRX)02/13/2001Bond InvestmentsShort Government0.10%No additional fees apply.
VANG STAR (VGSTX)03/29/1985Blended Fund Investments*Moderate Allocation0.34%No additional fees apply.
VANG STRATEGIC EQ (VSEQX)08/14/1995Stock InvestmentsMid-Cap Blend0.29%No additional fees apply.
VANG TARGET RET 2010 (VTENX)06/07/2006Blended Fund Investments*Target-Date 2000-20140.16%No additional fees apply.
VANG TARGET RET 2015 (VTXVX)10/27/2003Blended Fund Investments*Target-Date 2015-20290.16%No additional fees apply.
VANG TARGET RET 2020 (VTWNX)06/07/2006Blended Fund Investments*Target-Date 2015-20290.16%No additional fees apply.
VANG TARGET RET 2025 (VTTVX)10/27/2003Blended Fund Investments*Target-Date 2015-20290.17%No additional fees apply.
VANG TARGET RET 2030 (VTHRX)06/07/2006Blended Fund Investments*Target-Date 2030+0.17%No additional fees apply.
VANG TARGET RET 2035 (VTTHX)10/27/2003Blended Fund Investments*Target-Date 2030+0.18%No additional fees apply.
VANG TARGET RET 2040 (VFORX)06/07/2006Blended Fund Investments*Target-Date 2030+0.18%No additional fees apply.
VANG TARGET RET 2045 (VTIVX)10/27/2003Blended Fund Investments*Target-Date 2030+0.18%No additional fees apply.
VANG TARGET RET 2050 (VFIFX)06/07/2006Blended Fund Investments*Target-Date 2030+0.18%No additional fees apply.
VANG TARGET RET INC (VTINX)10/27/2003Blended Fund Investments*Target-Date 2000-20140.16%No additional fees apply.
VANG WELLESLEY ADM (VWIAX)05/14/2001Blended Fund Investments*Conservative Alloc.0.18%No additional fees apply.
VANG WELLINGTON ADM (VWENX)05/14/2001Blended Fund Investments*Moderate Allocation0.17%No additional fees apply.
VANG WINDSOR II ADM (VWNAX)05/14/2001Stock InvestmentsLarge Value0.27%No additional fees apply.
VANGUARD INTL VALUE (VTRIX)05/16/1983Stock InvestmentsForeign Large Blend0.41%No additional fees apply.
VANGUARD WINDSOR ADM (VWNEX)11/12/2001Stock InvestmentsLarge Value0.31%No additional fees apply.

There are also options from other companies, like PIMCO, American Funds, etc. Some have additional fees, but none of the Vanguard funds.
__________________
bUU is offline   Reply With Quote
Old 04-30-2013, 11:13 AM   #8
Thinks s/he gets paid by the post
heeyy_joe's Avatar
 
Join Date: Nov 2012
Location: Madeira Beach Fl
Posts: 1,403
Key in the exchange online and pay attention to the disclosures.
__________________
_______________________________________________
"A man is a success if he gets up in the morning and goes to bed at night and in between does what he wants to do" --Bob Dylan.
heeyy_joe is offline   Reply With Quote
Old 04-30-2013, 11:16 AM   #9
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,269
Quote:
Originally Posted by bUU View Post
Okay you've made me check, and I confirmed that we pay no fee to exchange 401k holdings into Vanguard funds available in my spouse's former-employer 401k plan at Fidelity:

/snip/

There are also options from other companies, like PIMCO, American Funds, etc. Some have additional fees, but none of the Vanguard funds.
Hey, I did not know of a table option... probably will forget when I need to use it...


But, I think the difference is between a 401(k) set up by an employer (probably a large one) and a solo 401....


Our company has a prepackaged plan for small employers.... no Vanguard funds were offered out of over 600 listed...
__________________
Texas Proud is offline   Reply With Quote
Old 04-30-2013, 11:20 AM   #10
Thinks s/he gets paid by the post
bUU's Avatar
 
Join Date: Dec 2012
Location: Georgia
Posts: 1,909
Yes definitely.
__________________
bUU is offline   Reply With Quote
Old 05-01-2013, 07:05 AM   #11
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
Thanks for all the replies! The $75 transaction fee agrees with what I'm seeing too. I assume that DRIP doesn't have a transaction fee if I go that route. Maybe the Spartan funds are good enough and I'm just being picky! I'm a Fidelity fan as well and they were very helpful in setting up my solo 401k among other things, but I wish their expense ratios were lower. Oh well, gotta pay for that better service somehow!
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Old 05-01-2013, 10:33 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: May 2005
Posts: 13,269
Spartan is pretty cheap....

So, if you are talking about a difference between say .18% and .12%.... don't worry about it... the $75 fee will eat you up if you have to buy and sell more than once...

Unless you are going to invest a million dollars, the difference is not that much... heck, even at $1 mill you are talking about $600 per year...
__________________
Texas Proud is offline   Reply With Quote
Old 05-01-2013, 12:34 PM   #13
Thinks s/he gets paid by the post
 
Join Date: Nov 2009
Posts: 3,863
My friend (one I have mentioned in other threads here) inherited a large brokerage account and IRA which included some small holdings in non-Fidelity mutual funds. We rolled the whole shebang into a pair of Fidelity accounts and there were no fees related to those non-Fidelity funds. He has no plans to buy or sell any shares in those funds but they have generated some monthly dividends which were routinely reinvested.
__________________
Retired in late 2008 at age 45. Cashed in company stock, bought a lot of shares in a big bond fund and am living nicely off its dividends. IRA, SS, and a pension await me at age 60 and later. No kids, no debts.

"I want my money working for me instead of me working for my money!"
scrabbler1 is offline   Reply With Quote
Old 05-01-2013, 02:28 PM   #14
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
Hmph, I'm not sure where I was looking, but ya'll are correct, my expense ratios for the spartan funds are about 0.10%, for some reason I thought they were closer to 0.50%. This is FSITX, which I am comparing to VBTLX. It appears VBTLX has a slightly better yield, but the expense ratio is the same (0.10%). Yeah, it ain't worth bothering changing when they are that close. Not sure where I came up with that expense ratio, glad I took another look. Thanks for all the input, we'll stay with fido spartan!
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Old 05-01-2013, 08:21 PM   #15
Full time employment: Posting here.
 
Join Date: Nov 2008
Posts: 728
What you pay to hold Vanguard funds in a fidelity account depends on what has been negotiated for you by your company. Fidelity doesn't have true index funds in some basic categories.....mid cap index, small cap index, so my 401k has these funds available at no cost. And, I understand Fidelity negotiates or adds more Vanguard funds if the total 401k plan is larger.....more total bucks in the plan.
__________________
jerome len is offline   Reply With Quote
Old 05-02-2013, 06:44 AM   #16
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
These are for funds in fidelity that are in my solo 401k which I opened when I was contracting. I have a fidelity 401k with my current employer and it has a vanguard bond index fund and reasonable expenses.
__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Old 05-02-2013, 08:37 AM   #17
Recycles dryer sheets
 
Join Date: Jun 2002
Posts: 367
Ahhhhhhhhhhhhhhhhhhhhhhhhhhhhh now I know why I thought the expense ratios were so high! I typed these investments into my vanguard account so I could have a quick view of everything that I own. In the Vanguard view, the expense ratios show up as 0.45% for both bond funds that I own at fidelity......the fidelity website shows 0.10% which is the real expense ratio....
Thought I was losing my mind for a minute there.......anyway, be careful about outside investments that you type into vanguard....
__________________

__________________
When you walk in the shadow of insanity, the presence of another mind that thinks and acts as yours does is something close to a blessed event. -Robert Pirsig, Zen and the Art of Motorcycle Maintenance
panhead is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


 

 
All times are GMT -6. The time now is 06:50 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.