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Two Fidelity 401k accounts in one Quicken file

Years ago (maybe 10 or more), I tried to connect both my Fidelity 401k and my wife's with Quicken for updating, but the transactions and holdings from one account ended up in the other account in Quicken. I talked to someone at Fidelity and/or Quicken at the time and was told this was a problem in their system(s). Thinking this might be fixed by now. Curious to know if anyone has been able to connect two family member Fidelity 401ks with Quicken currently before I try it again. Thanks.
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Answers

  • Boatnmaniac
    Boatnmaniac SuperUser ✭✭✭✭
    edited March 16
    My wife has 2 Fidelity accounts, I have 3 Fidelity accounts and we share 1 Fidelity account.  All these accounts are set up in one Quicken data file.
    My 3 accounts and the shared account were set up with my Fidelity login.  My wife's 2 accounts were set up with her Fidelity login.  It has worked great doing it this way for the last 7 years...no transactions mix ups have ever occurred.  If you do have problems downloading both your wife's and your accounts under just your Fidelity login or you simply have concerns about doing it that way, you might want to try doing it like I did.
    My Fidelity adviser told me I could set up all the accounts with just my Fidelity login alone since I have POA authority for my wife's accounts but I don't see the need to change something that has been working great.
    (QW Premier Subscription: R32.12 on Windows 10)
  • Jim_Harman
    Jim_Harman SuperUser ✭✭✭✭✭
    edited March 16
    Are these Fidelity Netbenefits accounts? There is still an issue where these share the same account number.
    QWin Premier subscription
  • asdf7890
    asdf7890 Member
    Jim: Thanks. They are Netbenefits accounts from the same employer, with individual account numbers for each employee. Will that work or is that still a problem?

    Boatnmaniac: Thanks. Sounds promising.
  • NotACPA
    NotACPA SuperUser, Windows Beta Beta
    edited March 16
    @asdf7890 Yep, that's still an issue when the 2 401k accounts are with the same employer.
    That's because, legally, your employer owns the accounts ... and you and your wife are the Beneficiaries of those accounts.  Check, on your statements, the legal names of each account.
    The only thing that you can do is to set up one account for download, download from Fido into that 1 account, disconnect that account from download, activate the other account for download and then download into it.
    This appears to be a Fido quirk,  that only Fido can fix.
    Q user since DOS version 5
    Now running Quicken Windows Subscription,  Home & Business
    Retired "Certified Information Systems Auditor" & Bank Audit VP
  • asdf7890
    asdf7890 Member
    Thanks, NotACPA. That not only a quirk, but a long running one.
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