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Ex-Shell Oil Workers Subpoena Fidelity for 401(k) Marketing Data

Jan. 12, 2022, 7:45 PM

Former Shell Oil Co. employees suing the company over its 401(k) plan asked a Boston federal judge to force plan record keeper Fidelity Investments Institutional Operations to produce documents showing its alleged efforts to market unrelated products to plan participants.

The Shell plan participants want Fidelity to explain what actions it took to market non-plan products and services to them. Their motion, filed Tuesday in the U.S. District Court for the District of Massachusetts, seeks to enforce a subpoena requesting information about any money Fidelity made selling unrelated products to Shell employees, along with any targeted marketing materials and details ...

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