401k self managed fund question

[textat3]

How do you move money from the self managed section of our 401k back into a fund that is part of the plan. I am already a participant in the SMA and want to sell some stock and move the money into a different fund under the regular plan. Thanks for any help.

 

[IVE GOTTA PACKAGE 4U]

Call Prudential

 

[textat3]

Thanks…I did just that. It needs to be done on the phone, during business hours after the money is sitting in your cash account (after you have sold stocks). I am pretty sure the money needs to be in the cash account for 2 days then they can move it over to 401k regular fund.

 

[IVE GOTTA PACKAGE 4U]

Thanks…I did just that. It needs to be done on the phone, during business hours after the money is sitting in your cash account (after you have sold stocks). I am pretty sure the money needs to be in the cash account for 2 days then they can move it over to 401k regular fund.

They usually takes 2 days for your settlement funds to clear.

 

[Thebrownblob]

Call Prudential

Is Prudential in charge still I thought it was Empower?

 

[Up In Smoke]

Thanks…I did just that. It needs to be done on the phone, during business hours after the money is sitting in your cash account (after you have sold stocks). I am pretty sure the money needs to be in the cash account for 2 days then they can move it over to 401k regular fund.

Why not just buy the funds you want inside the SMA? I've never had a Prudential account, but that seems the easiest solution.

 

[textat3]

it is empower….now

 

[pkgdriver]

Why not just buy the funds you want inside the SMA? I've never had a Prudential account, but that seems the easiest solution.

The fees for some of the funds in the account are pretty low.
May have to transfer back out of SMA for a loan or withdrawal.

 

[IVE GOTTA PACKAGE 4U]

it is empower….now

Oops
You are correct

 

[542thruNthru]

Oops
You are correct

 

[Over70irregs]

it is empower….now

Hold on checking…… Your right

 

[IVE GOTTA PACKAGE 4U]

View attachment 462000

Do you even have a 401k plan?

 

[Thebrownblob]

Do you even have a 401k plan?

If he does, we’re gonna take it

 

[IVE GOTTA PACKAGE 4U]

If he does, we’re gonna take it

Give it to the Central States

 

[Over70irregs]

Do you even have a 401k plan?

Management?……

 

[Over70irregs]

Give it to the Central States

Nooooooooooo!!!!!!!!!

 

[pkgdriver]

If he does, we’re gonna take it

 

[Pullman Brown]

Oops
You are correct

 

[IVE GOTTA PACKAGE 4U]

View attachment 462078

20 more years for you rookie

 

[Pullman Brown]

20 more years for you rookie