Fidelity limiting MPC holdings above 25%

Per Fidelity come Jan 1 - they will disallow any holdings of greater than 25% of MPC in your 401k (unless brought over from before the cutoff date).

What an absolute garbage move on MPC's part. Guaranteed this is a MPC corporate move because they don't like the transaction costs that come with people trading MPC stock, despite employees already taking on a quarterly service fee after they changed that a few years ago. Beyond that there's already enough red tape attached to making trades.

I guess we forgot only the C-Level execs get to enjoy the perks of company stock - (not to mention the 25% max won't apply to their stock options!)

Shell is out here giving special bonuses, while MPC continues to whittle at benefits. Typical cheap ba----ds in Findley.

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The people who had more than 25% in MPC pre COVID than got laid off in October 2020 did great. Owning that much mpc stock and being an employee is something only an MPC employee could think is smart..

To the comment below - S&P is down 10% YTD and MPC is up 48% YTD. How's that working out for you? Since the lows of COVID, MPC is up 625%.

The whole point of trading MPC is to catch the cyclical swings that are very common to refiners. Not too hard to do if you pay attention.

In one sense you are correct though, MPC is not the ideal "buy and hold" long term stock, especially since they haven't made meaningful increases to the dividend in quite some time.

This is to try and protect you from losing everything. MPC stock has had a good run lately but buy the sp500 instead you'll be much better off over the long term.

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Fidelity limiting MPC holdings above 25%

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