Mutual Funds - General Discussion: T.Rowe Price Miscalculation

» EdO3 - T.Rowe Price Miscalculation

In early January, 2006, I received an employer match equivalent to 2.7% of my 401K account with T.Rowe Price. I check my account totals weekly on the phone and the match was reflected in the totals until Feb. 28 when it suddenly decreased the same amount. I checked the share balances, and they were also less.

I called the T. Rowe Price service line, and the nice lady was going over my plan, when suddenly she said, "What's this? It looks like they put in some money and they took it out. I'll have to check it out. I'll call you back."

I never got the call back, and I was busy with other things, so I didn't check my account until today, when I found out, lo and behold, the elusive 2.7% had somehow found its way back into my account and the share balances were back up to where they had been since early January. (Since I haven't made a contribution in 2006, this was easy to check.)

I'm wondering if anyone else had any irregularities with T.Rowe Price, and I'm suggesting that everyone check their SHARE balances in each fund to detect if there is any unexplained change.

All the Best!

-- posted by EdO3