Fidelity is one of the biggest and best-known investment firms in the world. It provides investment plans for individuals, businesses and institutions. Fidelity NetBenefits is an online portal that lets you manage all your Fidelity investments in one place.
Fidelity Investments is one of the largest investment management firms in the world. It manages over $10.4 trillion in customer assets. If your employer has a 401(k) through Fidelity, you can manage your information online with a 401(k) NetBenefits account.
What Is Fidelity NetBenefits?
What is a NetBenefits account? Fidelity NetBenefits allows you to manage all your Fidelity accounts in one place. If you have a 401(k) NetBenefits account, you can also manage your brokerage accounts and personal accounts through the online portal. Here are some of the things you can do with your Fidelity NetBenefits account:
- Change personal information
- Change contribution amounts
- Review options and performance
- View your pension summary
- Collect your pension
- Designate beneficiaries
- Access tools and resources
Signing up for a 401(k) NetBenefits account gives you more control and makes it convenient to manage your retirement plan and other assets. Once you sign up for an account, you can access and change your information any time of the day or night from anywhere.
Fidelity NetBenefits Experience
Signing up for a NetBenefits account is easy. Your employer will probably provide the instructions and information you need when you sign up for your 401(k) or another investment account. If you have had an account for some time, you might need to contact your human resources department for this information.
Once you have completed the signup process, you can access your account. When you log in, it will immediately take you to your home page hub. On this page, you will see a snapshot of your account. You will find:
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Messages: This section includes tips, information about your account and information about other products that might interest you.
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Portfolio balances: The total balance for all your accounts at work and through Fidelity is displayed, including your projected retirement income based on your current savings rates.
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Income simulator: You can see the effects of changes in your account and of increases in your savings rate.
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Account balances: This section allows you to access and view all of your accounts by themselves. You can click through to the account and view your pension plan, stock plan and any personal accounts that you might have.
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Quick links: This section of the portal gives you quick access to transactional screens and balances for each plan.
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Resources: Here you can find news, educational information, tools and resources related to your retirement plan.
A Fidelity NetBenefits account gives you all the information you need in one place. You can get an overview of your entire plan in action, and you can examine each of the parts more closely.
Who Owns Fidelity NetBenefits?
The Fidelity NetBenefits portal is owned by Fidelity Brokerage Services, LLC. The parent company owns a wide range of branded products and services. The Fidelity headquarters are located in Cincinnati, Ohio, and it has many branches located across the United States.
Getting the Most from Fidelity NetBenefits
One of the keys to having a successful retirement savings plan is setting goals and tracking your progress. Fidelity NetBenefits makes this easy.
You can do investment research and perform side-by-side comparisons of different strategies. You can see your average annual total returns and cumulative total returns, and view benchmarks. The portal does the research and math for you, which saves you time.
The average investor does not have the time to do all the calculations and research that it takes to manage different accounts. The Fidelity NetBenefits portal makes it easy and lets you see all of your investments in a single, convenient place.
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Writer Bio
Adam Luehrs is a writer during the day and a voracious reader at night. He focuses mostly on finance writing and has a passion for real estate, credit card deals, and investing.