Fidelity Net Benefits 401k balance doubled, and then cash only, new quicken file, reproducible

Having an issue where all 401K account values are doubled. New quicken file. Connect up accounts -- $0 in cash in each account. Doesn't matter if simple or detailed view. Everything is exactly doubled. If I look under detailed view -- I see a starting balance of cash of the full amount of the account. If I delete that, all is good. Until I sync. (at this point having just the investments and the share count), and then it 0's those out, and puts everything in cash. Correct value, but now no positions. :(
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Comments

  • pmarker
    pmarker Member ✭✭
    Have you found a resolution to this issues. I believe I am having the same issue. When I originally setup Fidelity Net Benefits using Simple Position it only showed a cash balance, which I did not have any cash in the fund, and also the positions of the funds did not show up. After a couple of months not doing anything about it, all of sudden the different positions for the funds show up and I also have a Cash Balance which is exactly the amount of the total 401K account. I have tried to delete the cash balance but like you it returns as soon as I sync up.
  • lorisha7
    lorisha7 Member
    I am having this same issue. It just started a few days ago, bank is Fidelity Net Benefits.
  • Leo Raby
    Leo Raby Member
    I am having a similar issue with an incorrect cash balance. And a missing brokerage account that equals the cash balance. I have not called support
  • I am hoping to contact support soon.
  • Contacted Quicken support -- After 20 minutes, was told 'it will be necessary to contact the department that handles Online Services with third-party financial applications at Fidelity and tell them what happens when trying to download information. Unfortunately, we do not have access to the institution's server.'
  • This seems to be because it is a 'Direct Connect' connection.
  • Contacted Fidelity to troubleshoot -- not having much luck there... :(
  • OK. Finally got someone who knew something. It's a known issue on Fidelity's side. ETA for fix is EOB tomorrow - 1-5-2022.

    Here's hoping...
  • pmarker
    pmarker Member ✭✭
    Do we know if Fidelity fixed the issue. I tried this morning on zeroing out my cash balance and then did an update and the cash balance came back.
  • It does not seem to be fixed for me @ 9:49A 1-10-22, Eastern...
  • Moliver
    Moliver Member
    Subscribed to Quicken and downloaded this morning. This is my first time EVER using Quicken and the first set of accounts I tried to add are all from Fidelity NetBenefits. After adding I noticed all account totals were doubled. On the phone for almost 2 hours, sent logs, screen shared, etc. and they believe the problem is on Fidelity's side. I did a fair amount of troubleshooting and research before calling. Later I found this post and told the customer service rep. others have called in with the same issue. His "research team" is going to call me back tomorrow. I have zero confidence in Quicken, lost half my day trying to get Fidelity accounts to populate correctly.
  • nedmanjo
    nedmanjo Member ✭✭
    I really appreciate the effort. Thanks!
  • Jeff7@
    [email protected] Member ✭✭✭
    I'm having the same issue 1/20/22.   Tried adjusting the cash balance.  when I download, it automatically adds the cash back in.
  • Still not fixed. No changes that I can see.
  • Any ETA on this? This is affecting some forecasts that I am trying to do; and seems to be affecting other people also...
  • mwcoblentz
    mwcoblentz Member ✭✭
    I am having the same problem. I can manually adjust the cash balance, but it reverts after the next update. 1/24/2022
  • pmarker
    pmarker Member ✭✭
    I did a test this morning. I created a new Quicken File and only added Fidelity Netbenefits Accounts which I have 4. When the data downloaded the total amount for each account matched what Fidelity showed exactly with no Cash Balance. I also did an update just to see if a cash balance would be added and it did not. Early in this discussion I believe JustAnotherSoul original contacted Quicken and they said it was a Fidelity issue. I believe you also contacted Fidelity which they said they would fix. After my testing today I do not think this is a Fidelity issue.
  • I would try refreshing again, and in an additional day. It seems to show the full balance in cash also, thereby doubling the amount in the account.... But sometimes not at the initial stage.
  • Beelzy
    Beelzy Member ✭✭
    I have this same issue. I compared the OFX Log against the OFX Spec and found the following:

    Fidelity is not sending a <CASHBAL> value inside the <INV401KBAL> tag, but probably should be. Since Quicken is not receiving a <CASHBAL> value from Fidelity, Quicken must be interpreting one of the other balance values as the Cash balance. Inside the <BALLIST> Fidelity is sending 3 <BAL> aggregates with the <NAME> values set to MarketValue, VestedValue, and TotalAssetsValue. All 3 of these have the <BALTYPE> set to DOLLAR, and Quicken must be incorrectly interpreting one of them as the Cash balance.

    I recommend Quicken assume the Cash balance is zero if there is no <CASHBAL> value in the OFX response.
  • pmarker
    pmarker Member ✭✭
    So this sounds like a Quicken issue and not Fidelity issue
  • nedmanjo
    nedmanjo Member ✭✭
    My daily update to now includes clicking on my 401k account, clicking on Actions, clicking on Update Cash Balance, entering (0), clicking OK and then clicking Update Quotes. And just to think... I pay an annual subscription fee for this. Lucky me.
  • What is the proper procedure to get this escalated? I assume that we have all reported it within the Quicken application itself.

    It sounds like it would at least affect everyone with a Fidelity/NetBenefits account, with a positive balance, and a 0 cash balance. This seems like a non trivial number of users...

    The bug / User story is above, and a possible solution -- now we just need to get it included within a release / patch to be worked upon....
  • Drakub
    Drakub Member
    I'm having this same issue. Can this be escalated please.
  • ChadL
    ChadL Member
    Same issue and i called Fidelity and walked through everything and they were stumped? They said it is a Quicken issue so called Quicken and they just hung up on the chat with me so guess nobody knows what is going on? Very frustrating --
  • kmckinnon
    kmckinnon Member ✭✭
    Same issue. I'm using Simple tracking. Deleted and added accounts again with no change. Have to set Cash to 0 after every update to have correct balance instead of doubled. Can't Q and FNB work this out?
  • nedmanjo
    nedmanjo Member ✭✭
    New workflow... click Help, click Report a Problem, select Bank download/Transaction Errors, enter Subject Fidelity Net Benefits 401k balance doubled, paste link: https://community.quicken.com/discussion/7903505/fidelity-net-benefits-401k-balance-doubled-and-then-cash-only-new-quicken-file-reproducible
  • Resent this morning.
  • pmarker
    pmarker Member ✭✭
    I reported it this morning.. maybe if we get enough of us reporting it they will fix the issue.
  • pmarker
    pmarker Member ✭✭
    Here is a test I did this morning.. hopefully it can help Quicken Support if and when they look into this issue. I have 4 different Fidelity 401K Net Benefits account and I did this to only one account.

    - Change account to "Complete -Positions and Transactions"
    - Set Cash Balance to Zero.
    - Did One Step Update twice - Cash balance remained at zero each time
    - Shutdown and restarted Quicken - Cash balance remained at zero -- starting to get some hope
    - Did One Step Update update - Cash balance came back -
    - Set Cash balance to zero
    - Deleted all Placeholders ( had 6)
    - Did One Step Update - balance stayed at zero
    - Changed account back to "Simple Positions" - cash balance remained at zero
    - Did One Step Update - cash balance came back.
  • JustAnotherSoul
    JustAnotherSoul Member ✭✭
    Any update on this?