There seems to be some confsion on this board, I've see at least 2 posts that are off. The 401K isn't actually moving from Fidelity to Goldman. Fidelity is expected to remain the recordkeeper and administrator for employee accts.What's changing is the investment mgm side. VZ has apparently decided to move the role previously handled internally by VIMCO to Goldman, which will act as an outsourced CIO for the 401k + pension assets.
So the bigger story may not be Fidelity vs Goldman. It's VZ moving mgmt of its retirement assets from an internal investment org to an outside firm. Anyone know what happens or happened to VIMCO and the people currently doing this work?