Fidelity Solo 401(k): Automatic Investments

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southerndoc
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Fidelity Solo 401(k): Automatic Investments

Post by southerndoc » Fri Jan 18, 2019 10:49 pm

Is there a way to set up Fidelity's Solo 401(k) so that if you send a check in for $3,000 (1,500 each device), 30% is allocated to mutual fund 1, 30% to 2, 20% to 3, etc.

I found the automatic investment page, but didn't see an area where we are could set up percentages for investment instead of whole dollars.

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southerndoc
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Re: Fidelity Solo 401(k): Automatic Investments

Post by southerndoc » Sun Jan 20, 2019 10:02 am

I'm guessing nobody is familiar with this. :(

Polaris
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Re: Fidelity Solo 401(k): Automatic Investments

Post by Polaris » Mon Jan 21, 2019 9:33 am

I don't believe that is possible. From their Contribution Remittance Form:
Contributions will be deposited in each participant’s core account. Participants can place a trade in their account by going to Fidelity.com or by calling Fidelity.
Heck, I'd be thrilled if I could do an electronic contribution at this point. :wink:

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southerndoc
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Re: Fidelity Solo 401(k): Automatic Investments

Post by southerndoc » Mon Jan 21, 2019 10:48 am

Polaris wrote:
Mon Jan 21, 2019 9:33 am
I don't believe that is possible. From their Contribution Remittance Form:
Contributions will be deposited in each participant’s core account. Participants can place a trade in their account by going to Fidelity.com or by calling Fidelity.
Heck, I'd be thrilled if I could do an electronic contribution at this point. :wink:
Me, too. I think if enough people voiced their requests, it might happen.

Spirit Rider
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Re: Fidelity Solo 401(k): Automatic Investments

Post by Spirit Rider » Mon Jan 21, 2019 11:18 am

southerndoc wrote:
Mon Jan 21, 2019 10:48 am
Polaris wrote:
Mon Jan 21, 2019 9:33 am
I don't believe that is possible. From their Contribution Remittance Form:
Contributions will be deposited in each participant’s core account. Participants can place a trade in their account by going to Fidelity.com or by calling Fidelity.
Heck, I'd be thrilled if I could do an electronic contribution at this point. :wink:
Me, too. I think if enough people voiced their requests, it might happen.
You can do indirect electronic SE401k contributions. Open a CMA in the same name as the SE401k, do a one day ACH pull and call and do a phone contribution. There may be a hold.

Good luck with thinking Fidelity listens to requests on the SE401k. Go read the reviews and you will see more than a decade of people requesting electronic contributions and even more on Roth accounts.

This is not Fidelity bashing. This is a long term SE401k plan sponsor griping about the bureaucracy.

Hey, they finally offered an HSA account to individuals and a free one at that. So who knows.

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