MBCBP
#12
Banned
Joined: Sep 2016
Posts: 8,831
Likes: 499
thanks for this. Mine shows zero but the net worth total includes it for some reason
#14
Gets Weekends Off
Joined: Jun 2015
Posts: 2,019
Likes: 193
Anyone underwhelmed by Fidelity’s first statement for the MBCBP? I have one figure listed with no context of what it is, the company’s payment, or what investment vehicle/ROR. Am I missing something on visibility of the account?
#15
Gets Weekends Off
Joined: Jul 2007
Posts: 2,563
Likes: 107
From: Road construction signholder
As far as I can tell you are missing nothing. It is just a statement of your balance and nothing else--no record of contributions made, investments selected, allocation of assets etc. I suppose I can live with that, but there's a whole lot of "trust" involved.
#16
I cannot understand why these contributions don't show up on our paystub. No explanation has been given.
#17
Gets Weekends Off
Joined: Apr 2018
Posts: 4,156
Likes: 587
#18
#19
Gets Weekends Off
Joined: Apr 2018
Posts: 4,156
Likes: 587
I'm sure someone with a tiny bit of intelligence and IT experience could figure out how to display it on our paystubs though. But MBCBP is technically a defined benefit plan not a defined contribution plan so it's a pension technically. Everyone's funds are all mixed together and you are just shown your "cash balance" which is pretty opaque. Partly why I opted out.
#20
Gets Weekends Off
Joined: Jul 2008
Posts: 5,589
Likes: 346
I'm sure someone with a tiny bit of intelligence and IT experience could figure out how to display it on our paystubs though. But MBCBP is technically a defined benefit plan not a defined contribution plan so it's a pension technically. Everyone's funds are all mixed together and you are just shown your "cash balance" which is pretty opaque. Partly why I opted out.
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