A company can terminate a 401(k) plan at any time for any reasons. Being bought out is almost guaranteed to trigger a termination. I personally had my 401k plan terminated 4 times in 10 years while sitting basically at the same desk.
You should have the option to leave your funds in your current plan. Most of the time it makes sense to roll over to a personal IRA. Better investment options, typically lower fees.
As for the new firm - well, see what they have to offer. If not, it doesn't hurt to ask.
You should have the option to leave your funds in your current plan. Most of the time it makes sense to roll over to a personal IRA. Better investment options, typically lower fees.
As for the new firm - well, see what they have to offer. If not, it doesn't hurt to ask.
Statistics: Posted by alex_686 — Tue Jul 30, 2024 9:57 am — Replies 2 — Views 144