FIDELITY BROKERAGELINK®: PROFESSIONAL MANAGEMENT IS NOW AVAILABLE FOR YOUR FEDEX 401(K)

As a FedEx pilot, you are now able to view and manage your Pilots Retirement Savings Plan (PRSP) at Fidelity.  You also now have access to professional investment management for your PRSP/401(k) account through Fidelity BrokerageLink^® (BL).

WHAT IS BROKERAGELINK^®?

The PRSP is a critical piece of your retirement plan, and it’s essential for your overall financial security to understand this plan and have it managed correctly.  Fidelity BrokerageLink^® offers a solution to PRSP participants as a self-directed brokerage trading option that provides access to investment choices above and beyond the offerings provided by FedEx.

Most standard 401(k) plans offer about 25 mutual funds as part of their investment line-up. With BrokerageLink^®, you have access to thousands of mutual funds and other investment options like stocks, corporate bonds, mortgage securities, US Treasury securities, and Exchange Traded Funds (ETFs). Keep in mind, however, that additional trading fees may apply to your BL account. The amount of the fees depends on the securities you are buying or selling and whether you place trades online or through a representative. Most importantly, BrokerageLink^® can also be a great solution for pilots who have limited time, interest, or expertise in managing their own 401(k) investments by allowing you to have your funds professionally managed within the BL account.

The PRSP plan allows you to invest up to 100% of your current balance and future 401(k) contributions into your BL account. This means you are able to leverage professional management for your entire 401(k) savings balance.  

HOW DO I ACCESS MY ACCOUNT INFORMATION AT FIDELITY?

You can log into your Fidelity NetBenefits^® account to see your PRSP details, and your first Fidelity statement will be available at the end of March.

If you have a username and password for other non-FedEx accounts at Fidelity, use the same username and password to log on to your PRSP account at netbenefits.com.  If you do not have a Fidelity username and password, click ‘Register as new user’, and follow the step-by-step instructions.  In addition to reviewing your account, adjusting contribution amounts, and/or changing your investment elections, you can also confirm or elect your beneficiary information.

WE CAN HELP YOU ON YOUR JOURNEY

RAA has been serving the airline community for over 30 years, and our team has the experience to help you plan for a solid financial future as you navigate the world throughout your career. In fact, our entire approach to financial planning is built around your needs, concerns, and goals as a pilot.

RAA manages over $2.5 billion in assets on the Fidelity platform. Many of these assets are in active 401(k) plans through Brokeragelink^®. Our depth of knowledge of your FedEx airline benefits and our long-term relationship with Fidelity, position us to help you achieve your financial goals throughout your career and beyond. Your RAA investment plan will take into account current retirement savings, Social Security income, and military pensions. As an added bonus, RAA clients do not pay the trading fees associated with BrokerageLink^®, which can add up quickly.

Taking care of your financial future during and leading up to retirement is too large of a responsibility to just “wing it!” Make sure you have a solid plan — and if you need assistance, we’re here to help. Let us show you why so many pilots choose RAA as their copilot for their financial needs.

If you would like to discuss your FedEx PRSP options or to learn more about our 401(k) investment management services through BrokerageLink^®, please contact RAA at 800-321-9123, email mkane@raa.com, or request a call using the form below.

Disclaimer: This blog is intended for informational purposes only and should not be construed as individual investment advice. Actual recommendations are provided by RAA following consultation and are custom-tailored to each investor’s unique needs and circumstances. The information contained herein is from sources believed to be accurate and reliable. However, RAA accepts no legal responsibility for any errors or omissions. Investments in stocks, bonds, and mutual funds may increase or decrease in value. Past performance is no guarantee of future results. Any of the charts and graphs included in this blog are not recommendations for the purchase and sale of any security.