Are your retirement accounts scattered among different financial institutions? If you’ve worked for different employers, you could lose sight of retirement accounts you’ve amassed along the way. Changes in plan providers or recordkeepers can make it even more challenging to hunt down your money.

When juggling multiple retirement accounts, it can be hard to stay on track with your savings and investing goals. Consolidating your accounts could be your best move. In addition to saving you time and potential headaches, having fewer accounts to manage:

• Makes it easier to monitor and manage your funds
• Reduces fees associated with multiple accounts
• Makes asset allocation and diversification easier

If you want to consolidate accounts, you can roll qualified funds from other plans into your Sandia 401(k). To get started, contact Fidelity. They’ll help you streamline your accounts and maximize your financial future.

You’ve got a lot going on. With everything that competes for your attention, it’s no surprise that saving for your future isn’t always top of mind. Since your 401(k) will likely be a key source of income in retirement, we want to make sure you’re taking advantage of the Fidelity tools that simplify saving and investing.

Fidelity’s annual increase program enables you to maximize savings, even when your attention is elsewhere. Just choose how much you want to increase your contributions by each year — and the date you want the increase to take effect — and the program will automatically bump up your contribution by that amount. Just set it and forget it. As a reminder, you can always change your contribution rate at any time during the year.

A 2022 study conducted by the Employee Benefits Research Institute found that over a 10-year period, employees who participate in automatic 401(k) savings programs typically have balances that are 15% higher than those who manually contribute to their plans. They also experience about 20% less stress.

If you create your own investment mix, you’ll appreciate Fidelity’s 401(k) rebalancing feature, which maintains your preferred asset allocation as markets move and fund prices fluctuate.

Prefer to take a hands-off approach to investing? You can choose the target date fund closest to the year you expect to retire. A target date fund provides an age-appropriate and diversified mix of stocks and bonds that adjusts as your target retirement date approaches.

To access these tools, log in to your Fidelity account.

Saving for a financially secure retirement may be easier with the support of the investment professionals at Fidelity. In addition to accessing tools and resources, you now have access to Fidelity Personalized Planning & Advice.

This fee-based service lets you delegate the day-to-day management of your 401(k) account to an experienced investment team. They’ll create a personalized investment strategy based on your risk tolerance and the plan’s investment options, and help you stay on track for retirement. You’ll also have access to one-on-one workplace planning consultants.

For more information:

• Call Fidelity Personalized Planning & Advice at 866-811-6041 Monday–Friday, 8:30 a.m. to 9 p.m. ET.
• Visit Fidelity.