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Whats up with the 401k?
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<blockquote data-quote="Jack4343" data-source="post: 421312" data-attributes="member: 7328"><p>I got something in the mail from the Teamsters/UPS about the 401K. They will now be using Prudential Retirement to provide recordkeeping services for the plan, effective January 2009. Also in 1/2009, The Bank of NY Mellon will be the investment manager, providing the investment options for the plan except for the Stable Value Fund, which will remain with State Street Global Advisors. To make sure all information transfers accurately, there will be a brief "quiet period" during which time most plan activities will be put on hold. We will get more information on this in the coming weeks.</p><p> </p><p>The quiet period will begin on December 1st, 2008 and end the week of January 12th, 2009.</p><p> </p><p>Self managed accounts wil be controlled by Dreyfus. People with SMA's (Self Managed Accounts) will be notified seperately detailing the quiet period and changes.</p><p> </p><p>To sum it up, I really don't understand a thing I just typed. I basically summarized it from the letter.</p></blockquote><p></p>
[QUOTE="Jack4343, post: 421312, member: 7328"] I got something in the mail from the Teamsters/UPS about the 401K. They will now be using Prudential Retirement to provide recordkeeping services for the plan, effective January 2009. Also in 1/2009, The Bank of NY Mellon will be the investment manager, providing the investment options for the plan except for the Stable Value Fund, which will remain with State Street Global Advisors. To make sure all information transfers accurately, there will be a brief "quiet period" during which time most plan activities will be put on hold. We will get more information on this in the coming weeks. The quiet period will begin on December 1st, 2008 and end the week of January 12th, 2009. Self managed accounts wil be controlled by Dreyfus. People with SMA's (Self Managed Accounts) will be notified seperately detailing the quiet period and changes. To sum it up, I really don't understand a thing I just typed. I basically summarized it from the letter. [/QUOTE]
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Whats up with the 401k?
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