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Yes you can, when you get promoted to a manager you'll have to clear all the investments though independence checkpoint. Good thing with Fidelity is that you can link the account and most of the changes get notified
It's easy when you are below manager level. Less to report
I'm up for manager this year.
I have a 401k with them from a previous employer, yes
Employee benefit plans from prior employers fall under diff rules than just buying funds/securities. Enter things in checkpoint and answering the user questions that appear will tell you if you need to sell though.