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Holding non-fidelity funds at fidelity
Old 04-30-2013, 09:06 AM   #1
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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.
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Old 04-30-2013, 09:36 AM   #2
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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.
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Old 04-30-2013, 09:37 AM   #3
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I own several Vanguard funds in my Fidelity account. The Vanguard funds are not NTF so there is a $75 transaction fee.
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Old 04-30-2013, 09:38 AM   #4
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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.
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Old 04-30-2013, 09:40 AM   #5
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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.
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Old 04-30-2013, 09:44 AM   #6
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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.
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Old 04-30-2013, 10:05 AM   #7
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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.
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Old 04-30-2013, 10:13 AM   #8
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Old 04-30-2013, 10:16 AM   #9
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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...
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Old 04-30-2013, 10:20 AM   #10
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Yes definitely.
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Old 05-01-2013, 06:05 AM   #11
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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!
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Old 05-01-2013, 09:33 AM   #12
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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...
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Old 05-01-2013, 11:34 AM   #13
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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.
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Old 05-01-2013, 01:28 PM   #14
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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!
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Old 05-01-2013, 07:21 PM   #15
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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.
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Old 05-02-2013, 05:44 AM   #16
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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.
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Old 05-02-2013, 07:37 AM   #17
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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....
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