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Vanguard fined more than $100 million by SEC over violations involving target date retirement funds (www.cnbc.com)

submitted 12 hours ago by MicroWave to c/economics

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[–] [email protected] 3 points 6 hours ago* (last edited 57 minutes ago)

Thanks for sharing, this was actually an interesting short read.

Since i was curious about the fee difference that caused so many to switch i did some digging and found this article (from 2021). It also serves as a nice companion piece to highlight how Fidelity lowering their fees lead to Vanguard making those changes in the first place.

If i see this correctly the massive switch was to go from 0.12%-0.14% expense ratio in the Investor class funds to the cheaper 0.09% in the institutional class. And now everyone pays 0.08%.