Why Your 401(k) Changed its Funds
Tuesday, April 7th, 2009
Changes occur in 401(k) plans more than you might think. When a change happens it is supposed to reflect the best interest of the participants in the plan. There are several different types of changes that can be made, including: new share classes, elimination or addition of funds or switching to institutional funds. If a change is planned, your employer will send you a notification well in advance with the information you’ll need to know regarding both what the change is and when it will occur. Below, you’ll find a brief description of the changes mentioned above.
