Say there is a fund I see, but it isnt offered to me through Fidelity (which the company i work for does my 401k with), and I want it to be apart of my 401K. What can i do?
2006-09-14 08:44:36 · 3 answers · asked by sillybilly 1 in Business & Finance ➔ Investing
You can open a separate investment account with Fidelity. I have separate retirement accounts and my own investment account with Fidelity.
One note though -- when you talk to the rep, make sure you ask for the form that will tie this two account together under your name. I think it is called Household Account. With more money in your account, you can qualify for lower per trade rate and oftentimes this can be achieved by labelling these two accounts as under one ownership.
2006-09-14 09:02:18 · answer #1 · answered by imisidro 7 · 9⤊ 0⤋
If the fund is not listed as available for your investment, then you're SOL. My 401k with Fidelity has a feature called "Brokerage Link" that allows me to invest in a broader range of funds. Check with your HR people.
2006-09-17 10:59:31 · answer #2 · answered by ckm1956 7 · 0⤊ 0⤋
That plan options are main the Plan Sponsor (your employers) responsibility. You might ask HR to inquire, but don't expect much because usually financial consultants are used to assist with the line up.
Although rare, another option that some employers utilize is a self directed brokerage platform which allows you to move money to a brokerage and invest in many more options (usually for a fee).
2006-09-14 09:01:55 · answer #3 · answered by kcincon 3 · 0⤊ 0⤋