Fidelity 401k transactions incorrectly classified as $0 bond sales
I know there have been a number of issues and fixes related to Fidelity in recent weeks, however today I encountered 2 new ones (to me at least).
Sales of mutual funds in my 401k that are done to automatically pay the quarterly management fees all came through incorrectly as follows:
- Out of 6 transactions, 4 were 'unidentified security'. only 2 (both Dodge and Cox funds) identified the correct ticker.
- All came through for 'bond sales' for $0 total value. When editing the details, the sale amount was incorrectly classified as sales commissions, so the total value was then 0
- All came through to post the cash to a separate account, even though I do not have this set up with a different cash account (ie. they were SOLDX vs SOLD).
So I had to manually edit and correct every transaction.
In addition, 2 dividend payments that usually get (correctly) classified as 'reinvest dividends' were incorrectly classified as a cash payments, so the total shares were out of balance.
I usually never have these transaction issues with Fidelity and I believe these may have been caused by some of the other recent 'fixes' that were rolled out
Anyone else having these issues now?
Comments
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Hello @Txpete,
Thank you for sharing your experience.
I think we currently have "open alerts" for the issues you are describing. Meaning they are known issues.
Please review the following links to known issues that I think coincide with what you are seeing.
For the $0 Balance.
For Changes to Money Market/Cash Holdings.
Let me know if these cover everything.
Hope this helps!
Quicken Alyssa
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