Originally Posted by
BoyFromSouth
For the Delta-S pilots, is there an alternative to the DPP plan with Fidelity that only allows us to choose from the 100-125 stock investments and blended fund investments? It was my understanding that some people in the past have elected to pay an additional yearly fee so they could have a larger list of investment options with Fidelity. I was looking for more mutual fund options than we are offered.
Am I just dreaming or is this possible?
You can open BrokerageLink accounts with Fidelity... one tied to the 401K (DPSP) and one tied to the DC Plan. You can then transfer up to 98% over to your BrokerageLink accounts if you so desire. In the BrokerageLink, you have access to the full range of individual stocks, mutual funds, ETF's, options, etc.
I use the BrokerageLink to the maximum extent possible to manage my 401k and DC Plan, and I am extremely happy we have this capability (which is very rare to have with 401k's/defined contribution plans). Just be sure you have a good, well-thought-out strategy that effectively manages risk... because, with the greater opportunity provided by the BrokerageLink, comes the potential for greater risk as well. Just my "2 cents".