Healthy Boiler

Fidelity retirement account consolidation event series begins in October

Purdue University, in conjunction with Fidelity Investments, is excited to announce the launch of a Consolidation Event Series that will begin in October with activities through the end of the year.

If you have a retirement account balance with a previous employer or legacy Purdue retirement plan provider (plans prior to 2011), you may be paying more in administrative and investment fees than necessary. Keeping your information up to date across multiple platforms can also be a challenge.

Consolidating those older retirement accounts into your Purdue Retirement Program can provide the benefits of a more inclusive view of your savings for retirement, mean receiving fewer retirement account statements from various providers, and offer one location to maintain your information while providing access to a variety of retirement planning tools and resources.

Throughout the retirement account consolidation series, Fidelity representatives will be available to help you evaluate your options and see if consolidation could be right for you. Fidelity representatives will also help with guidance through the consolidation process from obtaining the appropriate paperwork all the way through the transfer process.

We hope you take this opportunity to review all your existing retirement accounts to determine if consolidating accounts could help save you time and money. Events are open to all Purdue employees and planning partners.

Get Started: Find an event that works for you

Events are available live, in-person, virtually and by-phone:

  • Virtual Workshops: How Consolidating Accounts Could Help Save You Time and Money
    • Space is limited
    • Attendees will be entered into a drawing to win a prize sponsored by Fidelity
    • Registration information will be shared soon
  • 1:1 Consultations
    • Schedule a 1:1 Consultation with a Fidelity Workplace Financial Consultant in-person, by-phone or virtually
    • Sessions are provided as a complimentary service of the Purdue Retirement Program
    • Planning partners are welcome to attend
  • Live Help Desks
    • Find a help desk near you
    • Attend a help desk for general questions or help completing paperwork
    • Registration information will be shared soon

Be prepared: Gather documents, update information

To help expedite the process, please plan to gather account numbers and official statements of all accounts you would like to consolidate.

In addition to reviewing for consolidation opportunities, you may also want to take this time to confirm your information is accurate with your retirement plan providers and Purdue, including your home mailing address, contact information and beneficiary records. Purdue address update instructions can be found here.

We look forward to seeing you at an upcoming event for a chance to win a prize and find out if account consolidation could save you time and money.

As part of this special series, Fidelity Workplace Financial Consultants will begin reach out to individuals with legacy plans from prior to January 2011 through Purdue’s former retirement plan providers to offer assistance with reviewing and managing the transfer and consolidation process.

Learn more

Questions

Questions concerning retirement account consolidation or the upcoming workshops, may be directed to Fidelity at 800-343-0860.