MutualLink broker Accounts

Fidelity BrokerageLink® Account Type

Fidelity BrokerageLink® is a self-directed brokerage account that provides participants access to thousands of mutual funds from various mutual fund companies. This account allows investors to have a broader range of investment choices compared to traditional retirement plan options. Participants can choose from mutual funds, exchange-traded funds (ETFs), and other investment vehicles. However, managing a BrokerageLink account requires a hands-on approach, as it is not monitored by an investment advisory committee, and investors must ensure their selections align with their financial goals and risk tolerance.

Fidelity BrokerageLink® Account Opening Process

Opening a Fidelity BrokerageLink® account is straightforward and can typically be completed online. Here are the steps to follow:

• Consult a Fidelity Representative: Before proceeding, it is advisable to speak with a Fidelity representative to understand the details and requirements of the account.

• Online Application:

• Log in to your account on the NetBenefits platform.
• Click on the quick links drop-down next to your preferred plan.
• Select the BrokerageLink option to navigate to the investment section.
• Review the information thoroughly, then click on "Open an Account" and follow the prompts to complete your application.
• By Phone:
• Call 1-866-682-7787 to speak with a Fidelity representative.
• The representative can guide you through the online application process or send a BrokerageLink acknowledgment form to your home address.
• Complete the form and return it to Fidelity as per the instructions provided.

• Fund Your Account: Once your account is opened, you will need to fund it by linking a checking or savings account or transferring funds from another brokerage account.

• Start Investing: After funding your account, you can begin purchasing investments. Be sure to review the commission schedule and understand any applicable fees associated with your trades.