Fidelity Investments 401(k) match, vesting and fees
What Fidelity Investments' 401(k) plan says about matching contributions
The Company matched up to the first 7% of eligible participant pre-tax or Roth contributions in addition to the annual profit sharing contribution, subject to the IRC limits. The Company matching contributions for eligible participants of certain subsidiaries may be limited, as determined by each respective subsidiary. Company matching contributions are at the Company’s discretion and, along with the discretionary portion of the profit sharing contribution, are subject to the availability of sufficient Company profits and cash flow. All Company contributions are subject to initial and ongoing eligibility requirements. Employee forfeitures of Company contributions available to the Plan are allocated to participant accounts under the Company matching and the profit sharing contribution formulas, with the Company contributing any additional amounts needed to fully fund the applicable formula.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | 2023 audit report, p. 26 ↗ |
| Roth contributions | In 2023, participating employees could contribute 3% to 50% of eligible compensation on a pre-tax or Roth basis up to the Internal Revenue Code (“IRC”) limits. | 2023 audit report, p. 26 ↗ |
| Loans | The Plan generally provides that participants may borrow funds from the Plan in amounts not greater than 50% of the participant’s contributions and which do not exceed $50,000. The loans are secured by the balance in the participant’s account and recorded at net realizable value. Such loans are repaid in weekly or bi-weekly installments (monthly for participants on an unpaid leave of absence), depending on the participant’s pay cycle, over a period not to exceed 10 years. These loans bear interest at the prime rate as determined from time to time by the Plan’s recordkeeper as of the last day of the month preceding the month in which the loan originated, plus (a) two percentage points if the term of the loan is not more than 5 years, or (b) two and one-half percentage points if more than 5 years. | 2023 audit report, p. 29 ↗ |
| Recordkeeper | Fid Inv Inst Ops Co | 2024 Schedule C ↗ |
| Independent auditor | Pricewaterhouse Coopers (unmodified opinion, limited scope) | 2024 Schedule H ↗ |
| Plan type and status | 401(k) · Active | 2024 Form 5500 ↗ |
Match, vesting and other plan features are from the plan year 2023 filing's audit report (the latest one extracted so far). Rows cited to the Form 5500 and its schedules are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 19 defined-contribution plans in finance and insurance with 50,000 or more participants.
| Fidelity Investments: employer contribution per participant | $14,042 | |
| Peer median | $3,368 |
| Fidelity Investments: average balance | $371,870 | |
| Peer median | $160,346 |
| Fidelity Investments: admin expenses ÷ assets | 0.00% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $28.6B at the end of plan year 2023 to $34.2B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 93,003 | $34.2B | $1.3B | $14,042 | 0.00% | Not published | Form 5500 ↗ |
| 2023 | 90,445 | $28.6B | $1.1B | $12,623 | 0.00% | Quoted in the audit report, p. 26 ↗ | Form 5500 ↗ |
Other Fidelity Investments plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Fidelity Advantage 401(k)
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Fidelity Workplace Services | Schedule C ↗ |
| Independent auditor | Pricewaterhouse Coopers (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
Common questions
Does Fidelity Investments match 401(k) contributions?
The audit report attached to the Fidelity Retirement Savings Plan's plan year 2023 Form 5500, page 26 says: “The Company matched up to the first 7% of eligible participant pre-tax or Roth contributions in addition to the annual profit sharing contribution, subject to the IRC limits. The Company matching contributions for eligible participants of certain subsidiaries may be limited, as determined by each respective subsidiary. Company matching contributions are at the Company’s discretion and, along with the discretionary portion of the profit sharing contribution, are subject to the availability of sufficient Company profits and cash flow. All Company contributions are subject to initial and ongoing eligibility requirements. Employee forfeitures of Company contributions available to the Plan are allocated to participant accounts under the Company matching and the profit sharing contribution formulas, with the Company contributing any additional amounts needed to fully fund the applicable formula.” Plan terms may have changed; check your current Summary Plan Description.
When is the Fidelity Investments 401(k) match vested?
The vesting schedule for the Fidelity Retirement Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Fidelity Investments 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fid Inv Inst Ops Co. The plan administrator is Fmr LLC Retirement Committee.
I left Fidelity Investments. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Fmr LLC Retirement Committee, (617) 563-1746) or the recordkeeper, Fid Inv Inst Ops Co. The Fidelity Investments old 401(k) page lists the contacts from every plan filing. Find an old Fidelity Investments 401(k)
Data from the public Form 5500 annual reports Fidelity Investments filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Fidelity Investments. Not financial advice. Report a correction · Methodology