Company 401k Plans: Re: Company moves 401(k) plan
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» AL_W - Re: Company moves 401(k) plan
In response to Company moves 401(k) plan posted by dixie41:Dixie,
26 months seems awfully long, IMO, but I don't know how an annuity maturation effects the process. However, if it's just waiting a regular annuity maturation point, there should be no loss to you. In fact, they may be saving you an early withdrawal penalty.
Will they move your stocks and funds in a more timely basis? Is it only the annuity that is delayed?
About 10 years ago, my company moved our 401K's to Fidelity. My recollection is that we had no access for about 6 weeks. Only stock ( the company's ) and Funds were involved. No annuities.
I have to ask why you would put 401K funds into an annuity. They generally are expensive and very restrictive. Most are issued by Insurance Companies with a big fee to the seller of the annuity. Of course, that fee comes out of ( somewhere - most likely hidden ) your potential return.
-- posted by AL_W
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