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re: Company being bought out, forced to roll 401k to new companies plan

Posted on 3/21/11 at 7:59 pm to
Posted by agdoctor
Louisiana
Member since Dec 2004
3144 posts
Posted on 3/21/11 at 7:59 pm to
been involved in 2 buyouts. Both rolled the 401k into the new companies plan. No questions asked.No option.
Posted by LSUDad
Still on the move
Member since May 2004
58886 posts
Posted on 3/21/11 at 9:18 pm to
What type of job?
Posted by LSU0358
Member since Jan 2005
7920 posts
Posted on 3/22/11 at 10:19 am to
quote:

Both rolled the 401k into the new companies plan. No questions asked.No option.


That looks like is what is going to happen. The new company's 401k options suck horribly. I've been able to make killing in precious metal funds and now my choices are limited to small cap, mid cap, large cap, and Fidelity Freedom funds. I want to vomit.
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