What 401(k) services are available through Fidelity NetBenefits?


Quick Answer

Users can view their account information, analyze investment performance, research new investment options, change the amount of their 401(k) contributions, and reallocate their money among the available investment options when accessing Fidelity NetBenefits using a computer. A user who accesses NetBenefits using a Fidelity mobile app can view balance and investment performance information but cannot make any changes to an account.

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Full Answer

When a user logs in to Fidelity NetBenefits using a computer, the user has full access to manage his 401(k) account. The system displays the current 401(k) account balances and provides a summary of the investment performance for each account. Users can view tables and charts that show a personal rate of return and compare the personal return to the average and cumulative returns of the funds during the ownership period. A user who is considering changing investment options can conduct research on the available funds to discover their average returns and compare fund performance to standard investment benchmarks. In addition to viewing account information, a user can make changes to his contribution percentage and change how future contributions are invested. Users can also transfer money between two investment accounts, called an "exchange," or transfer money among several investment accounts, called "rebalancing."

Fidelity provides mobile apps that users can download to access NetBenefits from a mobile device. However, the apps only enables users to view account balances and investment performance. They do not enable users to make changes to contribution rates, future investment options or account balances.

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