How to Find Fidelity 401k Fees

To determine your Fidelity 401k fees, follow these steps:

1. Log in to your Fidelity account.
2. Select the “Accounts” tab.
3. Choose your 401k account.
4. Click on the “Fees & Expenses” link.
5. Review the “Expense Ratios” section for your fund choices.
6. Check the “Other Fees and Expenses” section for any additional fees, such as account maintenance or transaction fees.
7. If you encounter any fees you don’t understand, contact Fidelity customer service for clarification.

How to Find Fidelity 401k Fees

Fidelity is one of the largest 401(k) providers in the United States, with over 17 million participants. As with any investment, it’s important to be aware of the fees associated with your 401(k) plan. These fees can eat into your returns over time, so it’s important to understand what they are and how to find them.

There are two main types of fees associated with a Fidelity 401(k) plan:

  • Plan fees
  • Investment fees

Plan fees are charged by your employer to cover the cost of administering the plan. These fees can include:

  • Recordkeeping fees
  • Administrative fees
  • Participant education fees

Investment fees are charged by the investment companies that manage the funds in your 401(k) plan. These fees can include:

  • Management fees
  • Expense ratios
  • Transaction fees

How to Find Fidelity 401k Fees

There are a few ways to find your Fidelity 401(k) fees. One way is to look at your plan’s Summary Plan Description (SPD). The SPD is a document that provides a detailed overview of your plan, including the fees associated with it.

Another way to find your Fidelity 401(k) fees is to log into your online account. Once you’re logged in, you can click on the “Fees” tab to view a breakdown of all the fees associated with your account.

Finally, you can also contact Fidelity directly to ask about your fees. Fidelity’s customer service representatives can provide you with a detailed explanation of all the fees associated with your account.

Understanding Fidelity 401k Fee Table

The following table provides a summary of the most common Fidelity 401(k) fees:

Fee TypeDescriptionAverage Range
Recordkeeping feesFees charged by your employer to cover the cost of administering the plan0.05% – 0.25% of plan assets
Administrative feesFees charged by your employer to cover the cost of providing customer service and other administrative support0.05% – 0.25% of plan assets
Participant education feesFees charged by your employer to cover the cost of providing educational materials and other resources to participants0.01% – 0.10% of plan assets
Management feesFees charged by the investment companies that manage the funds in your 401(k) plan0.25% – 1.00% of plan assets
Expense ratiosFees charged by the investment companies to cover the cost of operating the funds in your 401(k) plan0.05% – 0.50% of plan assets
Transaction feesFees charged by the investment companies to cover the cost of buying and selling funds in your 401(k) plan$0 – $50 per trade

Locating Account Statements and Fee Disclosures

To find your Fidelity 401k fees, you’ll need to locate your account statements and fee disclosures. Here’s how to do it:

  1. Log in to your Fidelity account: Go to Fidelity.com and log in to your account using your username and password.
  2. Click on “My Accounts”: Once you’re logged in, click on “My Accounts” in the top menu bar.
  3. Select your 401k account: From the list of accounts, select your 401k account.
  4. Click on “Account statements”: Under the “Account Summary” tab, click on “Account statements”.
  5. Find your most recent statement: A list of your account statements will appear. Find the most recent statement and click on it to view it.

Your account statement will include a summary of your account activity, including any fees that have been charged. You can also find more detailed information about your fees in the fee disclosures that Fidelity provides. To access your fee disclosures:

  • Log in to your Fidelity account and follow steps 1-3 above.
  • Click on the “Documents” tab.
  • Under the “Fee disclosures” section, click on “View fee disclosures”.

The fee disclosures will provide you with information about all the fees that Fidelity charges for your 401k account, including investment fees, administrative fees, and other charges.

Fidelity 401k Fee Schedule
Fee TypeDescriptionTypical Fee Range
Investment FeesFees charged for managing your investments, such as mutual funds and ETFs.0.05% – 1.00% of assets
Administrative FeesFees charged for administrative services, such as account maintenance and recordkeeping.$0 – $50 per year
Other ChargesFees charged for other services, such as withdrawals and rollovers.Varies depending on the service

Using Online Calculators and Fee Comparison Tools

Online tools can simplify calculating and comparing fees. Here are a few recommended options:

  • Fidelity’s Fee Analyzer: This tool provides a personalized breakdown of 401(k) fees, including investment expenses, administrative costs, and advisory fees.
  • Brightscope Retirement Fee Analyzer: This independent tool analyzes fees from various 401(k) providers, including Fidelity.
  • 401(k) Fee Analyzer by NerdWallet: Another independent tool that provides a comprehensive breakdown of 401(k) fees.
ToolFeaturesLimitations
Fidelity’s Fee Analyzer
  • Personalized fee analysis
  • Detailed breakdown of expenses
  • Only analyzes Fidelity plans
  • May not cover all fees
Brightscope Retirement Fee Analyzer
  • Independent fee analysis
  • Comparison of multiple providers
  • May not provide personalized analysis
  • Data may not be up-to-date
401(k) Fee Analyzer by NerdWallet
  • Comprehensive fee analysis
  • User-friendly interface
  • May not include all 401(k) plans
  • Data may be aggregated from multiple sources

Tips for Using Online Tools:

  • Provide accurate account information for personalized results.
  • Consider using multiple tools to cross-check results.
  • Be aware of any limitations or assumptions in the tool’s calculations.

Consulting with a Financial Advisor

If you’re navigating the complexities of your Fidelity 401(k) account, consider seeking guidance from a financial advisor. These certified professionals possess the expertise to delve into your fees and provide personalized recommendations tailored to your financial goals. While their services may come with a fee, their insights can prove invaluable in optimizing your retirement savings strategy.

Well, there you have it, folks! You’re now armed with the knowledge to uncover those sneaky 401k fees lurking in your Fidelity account. Remember, transparency is key when it comes to your finances, so don’t be afraid to dig a little deeper. Thanks for reading, and be sure to drop by again soon for more money-saving tips and tricks. Keep your eyes peeled for hidden fees and keep your retirement savings on track!