bicker wrote:I does raise in my mind the question: Why don't they have a button you can press to make that request (or do that conversion) automatically, instead of taking up a phone agent's time with it?
Fidelity is a little quirky about a few things like this. For example, if you have a BrokerageLink (BL) in your 401k, they will allow self directed moves from the 401k side (non-BL options) to the BL, but they won't allow self directed moves from BL to the 401k side. I can think of two reasons why they might not allow things like this. One, many folks may screw up the move and expect Fidelity to fix something they may not be able to fix. Second, in the case of the BL, I suspect they prefer to see the assets left in the BL instead of the 401k side because the 401k side may not contain Fidelity products.
It's not necessary to initiate this action on your own. Periodically (monthly, I think), Fidelity will automatically convert Investor class accounts to Advantage accounts.