As a related issue: Beware of Fidelity Netbenefits' estimates of your short/long term shares on your Spartan Index funds. As of 3/23/2011, their online accounting tool has a bug in that it slightly overestimates the number of long term shares. If you try to redeem or exchange the exact amount of long term shares that they report that you have, you could wind up paying a small short-term redemption fee due to their rounding errors. They told me that I should handle the rounding error myself (e.g. by one less share than their tool reports). Excuse me Fidelity but aren't you in the business of financial accounting? They told me they would fix their tool but I am not holding my breath.
