The NetBenefits® smartphone application offers users an efficient way to manage their retirement savings and other workplace benefits provided by Fidelity Investments. Users can easily view important account information such as account balances, investments, recent contributions, and overall account performance. Additionally, the app allows users to manage their Health Savings Account (HSA) expenses and investments, along with monitoring various other accounts like 529 plans and brokerage accounts. This comprehensive tool ensures that all essential financial information is conveniently accessible.
In terms of personal financial planning, the app provides features that help users estimate their retirement needs, including the Fidelity Retirement Score SM, which offers insights into future retirement savings. The app also outlines potential next steps for improving financial wellness, empowering users to take informed and confident actions towards their financial goals. This personalization enhances the user experience, helping individuals to strategize effectively for their retirement journey.
The app not only promotes financial management, but it also grants users full control over their overall well-being. Users can modify their contribution rates and investment choices for their 401K, 403B, and HSA accounts. Furthermore, the app facilitates hassle-free communication by allowing users to send documents and rollover checks through their camera, making the management of stock plans and health insurance enrollment more streamlined and accessible.
To support users further, the app is equipped with educational materials, including articles, videos, podcasts, and interactive tools aimed at enhancing financial literacy and decision-making capabilities. Users receive timely reminders about important actions they need to take regarding their accounts, ensuring they stay informed. With a strong focus on security, the app implements advanced verification methods and biometrics to safeguard users' personal information. Available for Android devices running version 10.0 or later, the NetBenefits app represents a crucial tool for anyone looking to manage their workplace benefits effectively.