Retirement plan Fido Brokeragelink and FZROX and FZILX

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Gleevec
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Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by Gleevec » Fri Aug 03, 2018 3:17 pm

Has anyone been able to use Fidelity brokeragelink from their work retirement accounts to purchase FZROX and FZILX? I wasnt able and havent had success getting an answer from customer support yet

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oldcomputerguy
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Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by oldcomputerguy » Fri Aug 03, 2018 3:43 pm

Gleevec wrote:
Fri Aug 03, 2018 3:17 pm
Has anyone been able to use Fidelity brokeragelink from their work retirement accounts to purchase FZROX and FZILX? I wasnt able and havent had success getting an answer from customer support yet
Brokeragelink is part of your retirement plan. According to Fidelity, "Shares of funds are generally available only to individual retail investors who purchase their shares through a Fidelity brokerage account." This would seem to mean that these funds are not available through retirement plans.
It’s taken me a lot of years, but I’ve come around to this: If you’re dumb, surround yourself with smart people. And if you’re smart, surround yourself with smart people who disagree with you.

Gleevec
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Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by Gleevec » Fri Aug 03, 2018 5:13 pm

Ah OK, thanks for explaining, was hoping brokeragelink was a workaround but turns out not

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Ice-9
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Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by Ice-9 » Fri Aug 03, 2018 5:20 pm

About an hour ago, I called Fidelity and asked the same question. I can verify, we can't buy the Zero funds in BrokerageLink. However, I was pleasantly surprised that all of my Fidelity index funds have at least had their expense ratios go down considerably.

nix4me
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Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by nix4me » Sat Nov 10, 2018 4:06 pm

I did. I bought FZROX in my Brokeragelink which is linked to my 401K. Did it a month ago, beginning of October.

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F150HD
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Re: Retirement plan Fido Brokeragelink and FZROX and FZILX

Post by F150HD » Sat Nov 10, 2018 8:28 pm

Interesting....toyed w/ using one or both of them in my Brokeragelink but was waiting to see how things developed as they were new.

Related question

FSMAX - Fidelity® Extended Market Index Fund - Institutional Premium Class ER 0.045%


vs

FSMDX - Fidelity® Mid Cap Index Fund - Institutional Premium Class ER 0.025%


FSSNX - Fidelity® Small Cap Index Fund - Institutional Premium Class ER 0.025%


Trying to figure out why the Extended Market Fund has a higher ER then the Small and Mid, as Extended Market is made up of these 2, correct? :confused

(Note - this is after the fund 'conversions' Fidelity has been doing. These are the final ERs.)

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