BrokerageLink Account Changes Reminder

From the July 2018 Benefits eNews

On July 30, 2018, Fidelity will implement changes to BrokerageLink accounts. If you have a self-directed BrokerageLink account, Fidelity recently sent you a communication about this change. 

 As a reminder, the BrokerageLink changes include:

  • Administrative fees: If you owe administrative fees and do not have available holdings in your regular 401(k) plan account, any administrative fees you owe may be deducted from your BrokerageLink account. 
  • Selling assets: Per Fidelity's liquidation process, BMC Software has directed Fidelity to sell BrokerLink assets on your behalf in the following order: 1) core cash position, 2) mutual funds, 3) equities, 4) options, 5) fixed income/other.

If you have any questions, call 866-546-4424, Monday through Friday, 8:30 a.m. to 8:00 p.m. Eastern time.

Topics:
401(k) Fidelity Netbenefits website Investments