Fidelity Investments 401(k) - Reviews, Benefits, Fees & Ratings

Do you have a 401(k) account with Fidelity Investments? If not, you may want to consider opening one. Fidelity is one of the largest and most well-known investment firms in the world, and they offer some of the best retirement plans available.

In this article, we will provide an overview of the Fidelity 401(k) plan, including reviews from current users, benefits, fees and ratings.

What is a Fidelity Investments 401(k)?

A Fidelity Investments 401(k) is a retirement savings plan that is sponsored by an employer. It is a tax-advantaged account that allows employees to save for retirement on a pre-tax basis.

Fidelity Investments is one of the largest providers of 401(k) plans in the United States. As of December 31, 2018, Fidelity Investments had $24.0 billion in assets under management in 401(k) plans.

How Does a Fidelity Investments 401(k) Work?

Contributions to a Fidelity Investments 401(k) are made through payroll deductions and are typically invested in a variety of mutual funds or other investment options. Employers may also make matching or profit-sharing contributions to their employees' 401(k) accounts.

What Are The Key Features of a Fidelity Investments 401(k)?

There are a few key features that make a Fidelity Investments 401(k) stand out from other retirement savings plans. First, Fidelity offers a wide range of investment options, including stocks, bonds, and mutual funds. This gives you the flexibility to invest your money according to your own risk tolerance and goals.

Second, Fidelity has a strong track record of performance. Over the past few years, the company has consistently outperformed the market averages. This means that your money is more likely to grow over time if you invest it with Fidelity.

Third, Fidelity offers a variety of tools and resources to help you manage your 401(k). These include online calculators, retirement planning advice, and investment education. This makes it easy to stay on top of your retirement savings and make the most of your Fidelity Investments 401(k).

What Commissions and Management Fees Does a Fidelity Investments 401(k) Come With?

A Fidelity Investments 401(k) typically comes with a commission of 0.35% and a management fee of 0.25%. However, there may be additional fees charged by the investment company, such as an account maintenance fee or transaction fees. Always check with your investment company to see what fees they charge before investing.

What Are The Advantages of a Fidelity Investments 401(k)?

There are a few advantages to having a Fidelity Investments 401(k). One is that you can choose from a variety of investment options, including stocks, bonds, and mutual funds.

Another advantage is that Fidelity offers a wide range of services, including financial planning and advice, retirement planning, and estate planning. Finally, Fidelity has a good reputation for customer service and is known for providing excellent customer service.

What Are The Disadvantages of a Fidelity Investments 401(k)?

There are a few disadvantages of a Fidelity Investments 401(k) to be aware of. First, the fees can be high. Second, there is a lack of transparency when it comes to how your money is being invested. Finally, you may be subject to penalties if you withdraw your money before retirement age.

What Are Some Alternatives to a Fidelity Investments 401(k)?

There are a few alternatives to a Fidelity Investments 401(k). One option is to roll your 401(k) into an IRA. Another option is to take a withdrawal from your 401(k). Finally, you could leave your 401(k) alone and continue to let it grow.

How Do You Open a Fidelity Investments 401(k)?

To open a Fidelity Investments 401(k), you'll need to be employed by a company that offers the Fidelity 401(k) Plan as an employee benefit. If your employer doesn't offer the Fidelity 401(k) Plan, you can still open an account by rolling over assets from another retirement plan.

Once you're employed by a company that offers the Fidelity 401(k) Plan, you can enroll in the plan by logging into your employer's benefits website. From there, you'll be able to view and manage your account online.

What is The Minimum Amount Required to Open a Fidelity Investments 401(k)?

You'll need to have at least $2000 in order to open a Fidelity Investments 401(k). This is because Fidelity has a minimum balance requirement of $2000 in order to invest in their target date retirement funds.

What Are The Fidelity Investments 401(k) Contribution Limits?

The Fidelity Investments 401(k) contribution limits are pretty high. You can contribute up to $18,000 per year, and if you're over the age of 50, you can contribute an additional $6000 per year. This is a great way to save for retirement, and it's also a great way to get some tax breaks.

What Are The Eligibility Requirements for a Fidelity Investments 401(k)?

There are a few eligibility requirements for a Fidelity Investments 401(k). First, you must be at least 21 years old and employed by the company that sponsors the 401(k) plan. Second, you must have worked for that company for at least a year. Lastly, you must be a US citizen or legal resident.

Do You Pay Taxes On a Fidelity Investments 401(k)?

The answer to this question largely depends on the type of 401(k) plan that you have with Fidelity Investments. If you have a traditional 401(k), then your contributions are made pre-tax and they are not taxed until you withdraw them in retirement.

On the other hand, if you have a Roth 401(k), your contributions are made after-tax and they are not taxed again when you withdraw them in retirement.

When Can You Withdraw Money From a Fidelity Investments 401(k)?

You can withdraw money from your Fidelity Investments 401(k) at any time, but there may be penalties for early withdrawal.

There are two main types of withdrawals from a 401(k): penalty-free and those subject to a penalty. Penalty-free withdrawals include taking out loans, hardship withdrawals, and distributions after age 59 ½.

Withdrawals that are subject to a penalty include early withdrawals (before age 59 ½) and distributions that are not rolled over into another retirement account.

The penalties for early withdrawal can be significant, so it is important to understand the rules before taking any money out of your 401(k).

How Does a Fidelity Investments 401(k) Compare to a 401K?

Fidelity Investments offers a number of investment options for those looking to save for retirement. However, how does a Fidelity Investments 401(k) compare to other 401K providers?

When it comes to fees, Fidelity Investments is middle of the pack. However, they do offer some of the lowest expense ratios around. For example, their target retirement funds have an expense ratio of just 0.05%.

Fidelity Investments also offers a number of different investment options, which can be helpful for those who want to diversify their portfolio. They offer both traditional and Roth 401(k) options, as well as a variety of different investment choices.

What Assets Are Available With a Fidelity Investments 401(k)?

Fidelity Investments offers a wide variety of assets within a 401(k) plan. This includes stocks, bonds, mutual funds, and ETFs. Each asset class has its own set of benefits and risks.

For example, stocks tend to be more volatile than bonds, but they also offer the potential for higher returns. Mutual funds and ETFs offer a diversified way to invest, which can help mitigate some of the risks associated with individual stocks.

Why Do People Use a Fidelity Investments 401(k)?

Fidelity Investments is one of the most popular 401(k) providers in the United States. They offer a variety of investment options, including traditional stocks and bonds, mutual funds, and ETFs.

People use Fidelity Investments for their 401(k)s for a few different reasons. First, Fidelity offers a wide rangej of investment options, so you can tailor your 401(k) to your specific goals. Second, Fidelity has a good reputation for customer service and support. Finally, Fidelity Investments has low fees relative to other providers.

Does a Fidelity Investments 401(k) Accept Rollovers?

Fidelity Investments does accept rollovers from other employer-sponsored retirement plans, as well as from traditional and Roth IRAs. This can be a good way to consolidate your retirement accounts and keep all of your savings in one place.

How Long Does It Take to Transfer to a Fidelity Investments 401(k)?

The process of transferring your 401(k) to Fidelity Investments is pretty simple and straightforward. The whole process can take anywhere from a few days to a couple of weeks. Here are the steps you need to take:

First, you will need to request a rollover kit from Fidelity Investments. This kit will contain all the necessary forms and instructions on how to complete the rollover process.

Next, you will need to contact your current 401(k) provider and request a direct rollover of your account balance to Fidelity Investments. Be sure to indicate that you would like a direct rollover, as this will help to avoid any taxes or penalties being levied on your account.

Once the rollover is complete, you will need to update your beneficiary information with Fidelity Investments. This is an important step, as it will ensure that your loved ones are taken care of in the event of your death.

Finally, you will need to start making contributions to your new Fidelity Investments 401(k) account. You can do this by setting up automatic contributions from your paycheck, or by making manual contributions on a monthly basis.

How Do You Put Money Into a Fidelity Investments 401(k)?

There are a few different ways that you can put money into your Fidelity Investments 401(k). The first way is through payroll deductions. This means that you can have a certain amount of money automatically deducted from your paycheck and deposited into your 401(k) account.

Another way to contribute is by making manual contributions. This can be done online, over the phone, or in person. You can also set up automatic contributions from your bank account. Lastly, you can make catch-up contributions if you're over the age of 50.

Can You Open a Fidelity Investments 401(k) For a Child?

If you're looking for a way to invest in your child's future, you may be wondering if a Fidelity Investments 401(k) is an option. The answer is yes! You can open a Fidelity Investments 401(k) for your child as long as they have earned income from a job.