Hey, trying to help a buddy get his financial planning act together. He’s a former Shaw/CBI employee who left before CBI was was acquired by McDermott, he also left his 401k there as well. He’s moved a couple of times with his new job, so he hasn’t received any mail from McDermott about his 401k.

I can’t find any information online to help him and contacting McDermott hasn’t yielded any results. Any one know who manages McDermott’s 401k plan or where I can point him to find out?

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Posted by castorinho

13623 posts

Member since Nov 2010

82010 posts

Posted on 10/13/20 at 11:22 am to saw36

quote:
and contacting McDermott hasn’t yielded any results.

this is best route. He just needs to keep trying

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Posted by eng08

Member since Jan 2013

5997 posts

Posted on 10/13/20 at 11:36 am to saw36

Trying to recall - Shaw had Fidelity, then switched to merrill lynch.

Cb&i used merrill lynch I think as well

Mcedermot and cb&i used Morgan stanley for their stock plan accounts.

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Posted by Weekend Warrior79

Member since Aug 2014

16323 posts

Posted on 10/13/20 at 11:55 am to saw36

He should try to call the HR and they can direct him to the group managing the plan.

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Posted by GulfCoastPoke

Port of Indecision

Member since Feb 2011

1087 posts

Posted on 10/13/20 at 12:37 pm to saw36

Was vanguard now fidelity.

Tell your buddy congratulations on Shaw sinking a couple of venerable heavy construction companies.

This post was edited on 10/13/20 at 12:39 pm

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Posted by saw36

Baton Rouge

Member since Jan 2005

280 posts

Posted on 10/13/20 at 1:09 pm to GulfCoastPoke

Thanks for the help everyone. One of my other friends who left before the CBI merger was complete, said all he needed to know about them was what they were willing to pay for Shaw.

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