Fidelity

Fidelity

Welcome to Fidelity Investments, The BMW Store’s Provider for your 401(k) Retirement Plan


Enrollment in Your Retirement Plan

If you haven’t already, enrolling in your plan is the right step towards a more secure retirement. It’s easy to join your plan and make that next great investment in yourself.

Here’s how:

  • First, go to Fidelity NetBenefits® at www.401k.com.
  • Next, set up your password. If you’re already a Fidelity customer, you can use your existing password.
  • Please note, you will be prompted to enter your email address.
  • Finally, click on the link to enroll.
  • If you have questions or need help before getting started, visit www.401k.com or call Fidelity at 1-800-835-5097.

Frequently Asked Questions

 

Question Answer
When am I eligible to enroll?  All Contributions Attain Age 18
Complete 3 months of service
When can I enroll in the plan?   Automatic Enrollment at 5% is immediate upon meeting all eligibility requirements. Reenrollment for any existing employee contributing less than 5% effective April 1, 2021.
How much can I contribute? Employee Contributions 1% to 90% of eligible pay (IRS limit of $19,500 for 2021)
Bonus Contributions
EGTRRA Catch Up Provision
  Employee Contribution Types Pretax and Roth
  Contribution Change Frequency Beginning of Payroll Period
  Discretionary Match Discretionary
  Discretionary Profit Sharing Refer to the Summary Plan Description for further information regarding profit sharing contributions
Can I make a catch up contribution?   If you are age 50 or over by the end of the taxable year and have reached the annual IRS limit or Plan’s maximum contribution limit for the year, you may make additional salary deferral, pretax contributions to the Plan up to the IRS Catch Up Provision Limit (2021 = $6,500).
When am I vested? Employee Contributions 100% immediate

Discretionary Match & Profit Sharing Less than 2 years of service: 0%
2 years of service: 20%
3 years of service: 50%
4 years of service: 75%
5 years of service: 100%
Can I take a loan?
Although your plan account is intended for the future, you may take a loan from your account.
Can I take a withdrawl?   Withdrawals from the Plan are generally permitted in the event of termination of employment, retirement disability or death.
Are there annual increases?   Yes, 1% up to a 10% maximum on April 1 every year.

View the Summary Plan Description. 

View the Plan and Investment Related Information.