Question for Microsoft and LinkedIn people: how does your Roth in plan conversion shows up on your fidelity statement? I just maxed out my 401k and started to contribute to Roth in plan conversion. The amount appears on my fidelity as an addition to 401k. Which takes it over maximum allowed. I was expecting to see it on a separate line and since it’s after tax why would it be added to my before tax 401k? Is it just a poor presentation on fidelity website?
The Fidelity presentation is indeed confusing. Wait till you add brokerage link to it and God forbid, buy same securities in both accounts.
401k has multiple buckets. Pre tax, roth, after tax, roth in plan converted (MBD).
How will I be able to determine years from now the pretax and after tax portion if fidelity put them in the same bucket?
Fidelity knows. I heard when you leave your company and stop contributing to their 401K you should call Fidelity so they can officially “tag” 401k investments as pre and post tax. I think fidelity told me that years ago.
Seems like a very convoluted process
It’s all in fidelity account. Just call fidelity and ask them to show these details to you.
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It is still being added to your 401k but it is being invested after tax once you hit 19,500.