Fidelity Login: Fidelity NetBenefits 401k Withdrawal Terms

By | July 25, 2018

Log In to Fidelity – Netbenefits 401k Terms of Withdrawal

Fidelity LoginLogin to Fidelity Investments financial services corporation. The company is based in Boston that operates globally. It operates brokerage firm, mutual funds and provides investment solutions, wealth management, life insurance and retirement services to help customers achieve their financial goals. Fidelity is one of the few largest financial services company. Here we will discuss on Fidelity NetBenefits 401k withdrawal terms and conditions.

Fidelity Personal, Workplace and Institutional Services (PWIS) from Fidelity Investments provide 401(k) retirement plan services. The corporation is considered the largest provider of 401(k). It also offers pension administration and health & welfare administration as well.

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netBenefits Fidelity Login

Clients can access netBenefits online by logging in to their account. In order to have your user id and password, you must have registered your account.

Register your netBenefits Account

Account registration is a quick process. Follow the steps given below on how to register an account:

  • Go to www.netbenefits.fidelity.com
  • Click ‘Access My Benefits’ option button.
  • Click the link ‘Register as a new user’ displayed at bottom of the login window.
  • Enter your first name, last name, date of birth and last four digit of your social security number. Then click ‘Submit’ button.
  • Provide required information, create your password and complete the registration process following instructions given.

Login to your netBenefits Account

  • Go to www.netbenefits.fidelity.com
  • Click ‘Access My Benefits’ option button.
  • Enter your user ID and password. Click ‘Login’ button.

Fidelity 401k Withdrawal Terms

Fidelity 401k Withdrawal TermsYou can withdraw from 401k following rules and type of withdrawal. You can make a request for withdrawal through www.NetBenefits.com or by calling Fidelity. You can make single withdrawal or partial withdrawal. You can take loan against 401k too.

If you are to make early withdrawals before you turn 59½ year, you have to pay 10% penalty.

There are certain exceptions to 10% penalty which include:

  • You left the company which sponsored 401k in or after the age of 55.
  • You have incurred unreimbursed medical expenses which is more than 7.5% of your adjusted gross income (AGI).
  • Withdrawals were being made as part of an IRS levy of the plan.
  • The distribution is under a qualified domestic relations order (QDRO) plan.
  • Withdrawals you made comes under the HEART Act for active military.

You must have to report withdrawals as taxable income on your form 1040, 1040A, or 1040NR.

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