Fees in Fidelity Solo 401k

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southerndoc
Posts: 648
Joined: Wed Apr 22, 2009 7:07 pm
Location: Atlanta

Fees in Fidelity Solo 401k

Post by southerndoc » Wed Nov 07, 2018 7:36 pm

Can someone with a Fidelity Individual 401(k) answer a few questions?

I noticed there is a $4.95/equity trade fee. Is this waived with a certain balance? Does this apply to Fidelity mutual funds and ETF's?

Has anyone contacted Fidelity to get an estimate for when they will allow ACH transfers instead of requiring a check be mailed to them?

J295
Posts: 1681
Joined: Sun Jan 01, 2012 11:40 pm

Re: Fees in Fidelity Solo 401k

Post by J295 » Wed Nov 07, 2018 7:41 pm

Can tell you that if you have other funds at Fido you can transfer from your brokerage account into your solo 401k with a phone call.

Cruise
Posts: 655
Joined: Mon Nov 21, 2016 7:17 pm

Re: Fees in Fidelity Solo 401k

Post by Cruise » Wed Nov 07, 2018 8:51 pm

southerndoc wrote:
Wed Nov 07, 2018 7:36 pm
Can someone with a Fidelity Individual 401(k) answer a few questions?

I noticed there is a $4.95/equity trade fee. Is this waived with a certain balance? Does this apply to Fidelity mutual funds and ETF's?

Has anyone contacted Fidelity to get an estimate for when they will allow ACH transfers instead of requiring a check be mailed to them?
My relationship manager provides a bunch of free trades each year if I request this. I have a very healthy account with them, and the fee is not automatically waived.

niceguy7376
Posts: 2147
Joined: Wed Jul 10, 2013 2:59 pm
Location: Metro ATL

Re: Fees in Fidelity Solo 401k

Post by niceguy7376 » Wed Nov 07, 2018 8:52 pm

For OP question, I only invest in Fido index funds and thus dont have any fees.

For other question, i have only been sending check by mail or dropping by the local office depending on my convenience.

Spirit Rider
Posts: 8902
Joined: Fri Mar 02, 2007 2:39 pm

Re: Fees in Fidelity Solo 401k

Post by Spirit Rider » Wed Nov 07, 2018 9:09 pm

southerndoc wrote:
Wed Nov 07, 2018 7:36 pm
Has anyone contacted Fidelity to get an estimate for when they will allow ACH transfers instead of requiring a check be mailed to them?
People have been screaming for this feature and designated Roth accounts for years. I'm not holding my breath.

wudged
Posts: 9
Joined: Mon Apr 13, 2015 8:04 pm

Re: Fees in Fidelity Solo 401k

Post by wudged » Thu Nov 08, 2018 6:59 am

I have been successfully using bill pay after seeing this post (towards the bottom) https://forum.mrmoneymustache.com/taxes ... msg2060588

It takes a few days, but really no longer than transferring via phone. Just put your Z account number as the account number when you setup bill pay. The address to use is further down the page, but posted again here -

Fidelity Investments
P.O. Box 770001
Cincinnati, OH 45277-0003

I still haven't found an alternative of the hard-copy form to do a distribution out of the after-tax account.

terran
Posts: 768
Joined: Sat Jan 10, 2015 10:50 pm

Re: Fees in Fidelity Solo 401k

Post by terran » Thu Nov 08, 2018 8:20 am

I've never paid a fee using Fidelity mutual funds. I'm pretty sure iShares ETFs would also trade without a fee.
J295 wrote:
Wed Nov 07, 2018 7:41 pm
Can tell you that if you have other funds at Fido you can transfer from your brokerage account into your solo 401k with a phone call.
Really? Was your solo 401(k) opened under your social security number or an EIN? What about your brokerage account? I thought I'd seen that you could only do this by opening a brokerage account for your business.

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