401 (k)

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1
Positions
210.459
Shares Owned
$22,566.54
Cost Basis

Current Contribution

30% ROTH

Year

2020
2019
2018
Dividends

$309.99
$74.31
$25.47
Fees

$25.00
$26.72
$13.24

Index Fund Overview

This investment seeks to provide results that correspond to the total return performance of common stocks publicly traded in the United States. The fund normally invests at least 80% of assets in common stocks included in the S&P 500® Index, which broadly represents the performance of common stocks publicly traded in the United States. – Fidelity

Why FXAIX?

Seeing that this is an employer-sponsored 401(k), the investment options available are limited. As a result, there are a total of only 31 mutual funds offered with the Fidelity’s S&P 500 fund which is the best considering overall return and fund cost.

Fees for FXAIX are equal to 0.015% of my total investment per year, which is significantly lower than the 0.4% – 0.5% average of all the funds offered. However, this doesn’t include the mandatory $6.25 Record-Keeping fee charged per quarter for the simple use of the 401(k)…thanks Fidelity!

In any case, since the fund tracks the S&P 500 index so closely, its returns match (usually differing by +/- 0.1% year-over-year) the index’s 10% average.

With a 30% limit placed on Roth contributions to my 401(k), the current plan is to maintain the 30% withdraw rate from my paychecks for as long as possible. As time goes on, it may be worthwhile to also include pre-tax contributions (up to its individual 30% limit) to potentially save on taxes (income dependent), while also getting closer to fully maxing out my annual 401(k) contribution limits.

Finally, in the off chance that I were to leave my current company (thus losing the ability to make additional contributions), I would then take the funds in my 401(k) and combine them with my Roth Income account therefore increasing the compounding potential of my assets.

Change Log

May 22, 2020

Contribution = $511.99 ; Purchased = 4.98 shares @ $101.79

Contribution = $511.99 ; Purchased = 5.03 shares @ $101.79

May 8, 2020

Contribution = $511.99 ; Purchased = 5.203 shares @ $98.40

April 24, 2020

Contribution = $4,511.99 ; Purchased = 46.64 shares @ $96.74

One-Time 401(k) Employer Deposit = $4,000

April 9, 2020

Reinvestment = $39.48 ; Purchased = 0.414 shares @ $95.36

Dividend = $39.48

April 8, 2020

Record-Keeping fee = -$6.25 ; Sold = -0.073 shares @ $85.62

April 1, 2020

Contribution = $511.99 ; Purchased = 5.782 shares @ $88.55

March 27, 2020

Contribution = $349.46 ; Purchased = 3.702 shares @ $94.40

March 13, 2020

Contribution = $349.46 ; Purchased = 3.4 shares @ $102.78

February 28, 2020

Contribution = $349.46 ; Purchased = 2.975 shares @ $117.47

February 14, 2020

Contribution = $349.46 ; Purchased = 3.121 shares @ $111.97

January 31, 2020

Contribution = $511.99 ; Purchased = 4.431 shares @ $115.55

January 17, 2020

Record-Keeping fee = -$6.25 ; Sold = -0.055 shares @ $113.64

January 2, 2020

Contribution = $554.66 ; Purchased = 4.952 shares @ $112.01

December 31, 2019

Reinvestment = $31.53 ; Purchased = 0.287 shares @ $109.86

Dividend = $31.53

Contribution = $255.32 ; Purchased = 2.326 shares @ $109.77

December 13, 2019

Contribution = $255.32 ; Purchased = 2.332 shares @ $109.49

November 29, 2019

Contribution = $255.32 ; Purchased = 2.349 shares @ $108.69

November 15, 2019

Contribution = $132.06 ; Purchased = 1.25 shares @ $105.65

October 31, 2019

Contribution = $132.06 ; Purchased = 1.268 shares @ $104.15

October 15, 2019

Reinvestment = $17.38 ; Purchased = 0.169 shares @ $102.46

Dividend = $17.38

October 4, 2019

Record-Keeping fee = -$6.25 ; Sold = -0.061 shares @ $102.46

October 1, 2019

Contribution = $178.75 ; Purchased = 1.72 shares @ $103.92

September 30, 2019

Contribution = $118.75 ; Purchased = 1.131 shares @ $105

September 13, 2019

Contribution = $118.75 ; Purchased = 1.164 shares @ $102.02

August 30, 2019

Contribution = $118.75 ; Purchased = 1.197 shares @ $99.21

August 15, 2019

Contribution = $148.68 ; Purchased = 1.435 shares @ $103.61

July 31, 2019

Contribution = $152.15 ; Purchased = 1.452 shares @ $104.79

July 15, 2019

Reinvestment = $12.70 ; Purchased = 0.122 shares @ $104.10

Dividend = $12.70

July 5, 2019

Record-Keeping fee = -$6.25 ; Sold = -0.06 shares @ $104.17

July 1, 2019

Contribution = $118.75 ; Purchased = 1.156 shares @ $102.72

June 28, 2019

Contribution = $277.08 ; Purchased = 2.751 shares @ $100.72

June 14, 2019

Contribution = $277.08 ; Purchased = 2.89 shares @ $95.88

May 31, 2019

Contribution = $277.08 ; Purchased = 2.791 shares @ $99.28

May 15, 2019

Contribution = $118.75 ; Purchased = 1.16 shares @ $102.37

April 30, 2019

*New Position Started*