It's a smart move to keep tabs on your 401(k) and Fidelity makes it super easy with their mobile app! Knowing how your retirement savings are performing is key to financial peace of mind. So, ready to dive in and see where your future stands? Let's get started!
How to View Your 401(k) on the Fidelity App: A Comprehensive Guide
Your 401(k) is likely one of your most significant long-term investments, and staying informed about its performance and allocations is crucial. The Fidelity app offers a convenient and secure way to monitor your workplace retirement plan right from your smartphone. This step-by-step guide will walk you through everything you need to know, from logging in to understanding your account details.
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| How To View 401k On Fidelity App |
Step 1: Get the Right App and Log In
This might seem obvious, but Fidelity has a few apps! For your 401(k) (which is typically an employer-sponsored plan), you'll want the NetBenefits - Fidelity at Work app.
Sub-heading: Downloading and Installing the App
For Apple iOS users: Open the App Store on your iPhone or iPad. Search for "NetBenefits" or "Fidelity at Work." Look for the app with the Fidelity logo and the name "NetBenefits - Fidelity at Work." Tap "Get" to download and install.
For Android users: Open the Google Play Store on your Android device. Search for "NetBenefits" or "Fidelity at Work." Locate the app with the Fidelity logo and the name "NetBenefits - Fidelity at Work." Tap "Install" to download and set it up.
Sub-heading: Your First Login (or Recovering Credentials)
Once the app is installed, open it.
Existing Users: If you already have a Fidelity.com or NetBenefits.com username and password, simply enter them in the designated fields. Remember, your credentials are case-sensitive!
New Users: If this is your first time accessing your Fidelity 401(k) online or through the app, you'll need to register. Look for a link like "Register as a new user" or "Forgot username or password?" on the login screen. You'll likely need your Social Security Number, date of birth, and your employer's plan number (if you have it) to set up your account. Follow the on-screen prompts to create your username and password.
Forgot Your Credentials? Don't panic! The "Forgot username or password?" link is your best friend. Fidelity will guide you through a secure process to recover or reset your login information, often involving verification via email or phone.
Sub-heading: Enhancing Security with Multi-Factor Authentication (MFA)
Fidelity takes security seriously, and so should you! You'll likely be prompted to set up or verify Multi-Factor Authentication (MFA). This adds an extra layer of protection to your account.
You might be asked to receive a one-time security code via text message or a phone call to a registered device.
Alternatively, you might use a push notification sent to the Fidelity app on a trusted device, where you simply approve the login attempt.
Some users may opt for an authenticator app (like Google Authenticator or Microsoft Authenticator) for time-based codes.
Always enable MFA for your financial accounts! It's a critical step in safeguarding your investments.
Tip: Let the key ideas stand out.
Step 2: Navigating the App to Find Your 401(k)
Once you're successfully logged in, you'll land on the app's home screen. This screen is designed to give you a quick overview of your accounts.
Sub-heading: Locating Your Retirement Plan
Account Overview: On the home screen, you should see a summary of your different Fidelity accounts. Look for a section or card specifically labeled for your 401(k), Workplace Savings, or Retirement Plan. It might display your current balance.
Tapping into Your 401(k): Tap on the 401(k) account to drill down into its specific details. This will take you to a dedicated page for your plan.
Step 3: Understanding Your 401(k) Details
Within your 401(k) account section, you'll find a wealth of information about your retirement savings.
Sub-heading: Overview of Your Balance and Performance
Current Balance: This is the most prominent figure you'll see. It represents the total value of your 401(k) at that specific moment.
Performance: Look for charts or graphs that show your account's performance over various timeframes (e.g., 1-month, 3-month, Year-to-Date, 1-year, Since Inception). This helps you visualize how your investments are growing.
Important Note: Market values fluctuate daily. The balance you see is real-time (or near real-time, depending on market hours), so don't be alarmed by small daily changes. Focus on the long-term trends.
Sub-heading: Delving into Your Investments and Holdings
Holdings/Investments: This section is vital. It lists the specific funds or investments within your 401(k) plan. You'll see the name of each fund, its ticker symbol, the number of shares you own, and the current value of those shares.
Asset Allocation: Fidelity often provides a visual breakdown of your asset allocation (e.g., percentage in stocks, bonds, cash). This helps you understand how diversified your portfolio is.
Contribution Details: You can typically view your recent contributions, including your own deferrals and any employer matching contributions. This helps you confirm that your payroll deductions are being applied correctly.
Sub-heading: Accessing Statements and Documents
While the app provides a snapshot, sometimes you need the full picture.
Look for a section like "Documents," "Statements," or "Activity."
Here, you can usually find and download:
Quarterly and Annual Statements: These provide detailed summaries of your account activity, performance, and holdings over specific periods.
Trade Confirmations: Records of any investment trades you've made within your 401(k).
Tax Documents: Important tax forms related to your 401(k), if applicable.
Plan Information: Documents related to your specific 401(k) plan rules and options.
Step 4: Exploring Other Useful Features
Tip: Remember, the small details add value.
The Fidelity NetBenefits app offers more than just viewing your balance.
Sub-heading: Making Changes to Your Contributions
Contribution Rate: Many users can adjust their 401(k) contribution rate directly within the app. This is a great feature for increasing your savings as your income grows.
Employer Match: Always try to contribute at least enough to get your full employer match. It's essentially free money for your retirement!
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Sub-heading: Changing Your Investments (If Applicable)
Depending on your plan, you might be able to change your investment allocations or rebalance your portfolio within the app. This allows you to adjust where your future contributions go or to shift your existing investments among the available fund options.
Before making any investment changes, consider your risk tolerance, time horizon, and financial goals.
Sub-heading: Financial Wellness and Planning Tools
Fidelity often integrates helpful tools like a Retirement Score or Retirement Planner to help you assess if you're on track for your retirement goals.
You might also find educational articles, videos, and podcasts to help you make more informed financial decisions.
Step 5: Staying Secure and Informed
Your financial security is paramount.
Sub-heading: Security Best Practices within the App
Biometrics: Enable Face ID or Touch ID (fingerprint) for quick and secure login if your device supports it.
Strong Password: Ensure your Fidelity password is unique, strong, and not used for any other online accounts. Change it regularly.
Monitor Activity: Regularly review your account activity for any unauthorized transactions.
Be Wary of Phishing: Fidelity will never ask for your password via email or text. Be cautious of suspicious links or requests for personal information.
Sub-heading: Setting Up Alerts and Notifications
The app allows you to set up customized alerts for various account activities.
You can receive notifications for things like:
Contributions received.
Balance changes above or below a certain threshold.
Investment performance updates.
Important account announcements.
To set these up, look for a "Notifications" or "Alerts" section within the app's settings or menu.
This comprehensive guide should equip you with the knowledge to confidently view and manage your 401(k) through the Fidelity NetBenefits app. Regularly checking your account helps you stay on top of your retirement savings and make informed decisions for your financial future.
QuickTip: Pause when something feels important.
Frequently Asked Questions (FAQs)
Here are 10 common "How to" questions related to viewing your 401(k) on the Fidelity app, along with quick answers:
How to check my 401(k) balance on the Fidelity app?
Open the NetBenefits - Fidelity at Work app, log in, and your current 401(k) balance should be prominently displayed on the home screen or after tapping on your 401(k) account.
How to find my Fidelity 401(k) username if I forgot it?
On the login screen of the NetBenefits app, tap "Forgot username or password?" and follow the prompts to recover your username, usually by providing your personal information.
How to reset my Fidelity 401(k) password on the app?
From the login screen, tap "Forgot username or password?" and follow the instructions to reset your password. You'll likely need to verify your identity.
How to see my 401(k) contributions on the Fidelity app?
After logging in and selecting your 401(k) account, look for a section like "Contributions," "Activity," or "History" to view your recent contributions.
How to view my investment performance within the Fidelity 401(k) app?
QuickTip: Read step by step, not all at once.
Once you're in your specific 401(k) account, there will usually be a "Performance" section with charts and graphs showing your returns over different timeframes.
How to download statements for my Fidelity 401(k) on the app?
Navigate to your 401(k) account, then look for a "Documents," "Statements," or "Activity" section. You should find options to view and download PDF versions of your statements.
How to enable Face ID or Touch ID for the Fidelity app login?
After logging in, go to the app's settings or profile section. Look for "Security" or "Login Preferences" to enable biometric authentication if your device supports it.
How to change my 401(k) contribution rate using the Fidelity app?
In your 401(k) account details, there's often a section related to "Contributions" or "Manage My Plan" where you can adjust your deferral percentage.
How to set up alerts for my Fidelity 401(k) account?
Within the NetBenefits app, look for a "Notifications" or "Alerts" section in the main menu or settings. You can then customize the types of alerts you want to receive.
How to contact Fidelity customer service about my 401(k) from the app?
While direct calling might not be integrated, the app often provides links to "Contact Us" or "Help," which will give you phone numbers (for 401(k) plans, it's typically 1-800-835-5095) or options for secure messaging within the app.
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