How much does Blooom charge?
Simple model: Blooom's model is straightforward: There's no account minimum, and management costs a flat annual fee ranging from $45 to $250 each year, depending on the level of service desired and number of accounts managed. It's easy to register for an account and have Blooom analyze your 401(k) for free.
Is Blooom safe to use?
Blooom is a fiduciary and legally required to act in your best interest; it uses bank-level security with 256-bit encryption to protect your personal information; the company does not offer SIPC insurance since it doesn't take custody of your plan — your plan trustee provides that coverage.
Does Blooom work with Fidelity?
Blooom provides online access to financial experts to help you plan and manage an employer-sponsored retirement savings vehicle, such as your 401(k), 403(b), 401(a), 457 accounts or Thrift Savings Plan. It can also manage your individual retirement account (IRA), provided it is with Vanguard or Fidelity.