Fidelity in-service rollover out of an employer plan

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zeugmite
Posts: 1176
Joined: Tue Jul 22, 2008 11:48 pm

Fidelity in-service rollover out of an employer plan

Post by zeugmite »

Filled out the online request and the personalized form it generates says:
Delivery and Fees
Delivery Method Timings are estimates, not guarantees, and start when Fidelity receives all your required materials.

Rollover Amount Electronic Sent electronically to your account. Allow 3 business days.
Estimated Fees Deducted from your account.
Transaction $25.00
I was under the impression that $25 is only charged when you get a check. Has anyone else seen this?
Alan S.
Posts: 12629
Joined: Mon May 16, 2011 6:07 pm
Location: Prescott, AZ

Re: Fidelity in-service rollover out of an employer plan

Post by Alan S. »

A transaction fee would be required by the plan provisions and Fidelity is just the administrator required to execute plan transactions. Therefore, to be of any value to you a respondent would have to be a participant in the same plan.
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