What Company Does Nordstrom Use For 401k

Nordstrom employees seeking clarity on their retirement savings, listen up. Information regarding the company's 401(k) provider has been confirmed, impacting thousands.

This article cuts straight to the chase, revealing the financial institution managing Nordstrom's 401(k) plan and providing crucial details for employees to manage their future savings effectively.

The Provider Revealed: Fidelity Investments

Nordstrom utilizes Fidelity Investments as its 401(k) provider.

This applies to eligible employees across Nordstrom's various divisions and locations.

Confirming this information allows employees to directly access and manage their retirement accounts through Fidelity's platform.

Key Details for Nordstrom Employees

Understanding the specifics of the Nordstrom 401(k) plan through Fidelity Investments is paramount.

Employees should be aware of the enrollment process, contribution options, and investment choices available.

Fidelity provides online resources and customer service to assist with these processes.

Accessing Your Account

To access your Nordstrom 401(k) account, visit the Fidelity Investments website.

You will need to register and create an account using your personal and employment information.

Ensure you have your Social Security number and date of birth readily available for verification.

Contribution Options

Nordstrom employees can elect to contribute a percentage of their pre-tax or after-tax income to their 401(k).

The company may also offer a matching contribution, providing an additional incentive to save for retirement.

Review the plan documents on Fidelity's website or contact HR to understand the specific matching formula.

Investment Choices

Fidelity offers a variety of investment options within the Nordstrom 401(k) plan.

These may include mutual funds, target-date funds, and company stock.

Carefully consider your risk tolerance and investment goals when selecting your portfolio allocation.

Staying Informed

Regularly review your 401(k) statements from Fidelity Investments.

Monitor your account balance, investment performance, and contribution levels.

Contact Fidelity directly for any questions or concerns regarding your account.

Nordstrom's Human Resources department can also provide clarification on plan-specific policies.

Employee benefits meetings and online resources are often provided to enhance understanding of the retirement plan and overall financial well-being.

Ongoing Developments

Stay tuned for any potential updates or changes to the Nordstrom 401(k) plan managed by Fidelity Investments.

These changes could include modifications to contribution limits, investment options, or plan administration.

Nordstrom and Fidelity will communicate any such updates to employees in a timely manner.