On Fri, 19 Nov 2004 14:57:45 CST, frey[at]encompasserve.org (Lurker at
Large) wrote:

- quote -

Ditto on contacting T Rowe Price. TRP is an excellent fund family
with good reputation. When calling them (their toll-free phone
number, along with account number, should be on your statement), ask
them what you can and cannot do with this account.

Note that TRP has superior investment accounts - certainly as good as
any other custodian and it's not a "given" that you should move it.
Providing you have full access to TRP funds, there are advantages to
keeping it there as a 401k. Good luck and let us know what TRP says.


-HW "Skip" Weldon
Columbia, SC

In article <181120041418330087%john[at]johnweeks.com> , "John A. Weeks III" <john[at]johnweeks.com> writes:
- quote -

Good, so I'm not the only one thinking this is weird. I am still
getting statements for it, which is how I remember it's out there. I'll check
with the fund manager directly and see what they say. Might also attempt a
rollover and see what happens. Thanks! I'll post a status soon.

- Sharon

In article <szgGh6fIv+Fm[at]eisner.encompasserve.org> , Lurker at Large
<frey[at]encompasserve.org> wrote:

- quote -

This sounds really odd. It would be interesting to simply file
for a roll-over and see what happens. I don't see how they could
freeze a 401K that long...what if you were a year from retriment
at the time? Would you simply retire with no 401K money? Are
you still getting statements? Have you tried calling the 401K
company directly?

I'd really like to hear how this one turns out...please post back
with updates.

-john-

--
================================================== ==================
John A. Weeks III 952-432-2708 john[at]johnweeks.com
Newave Communications http://www.johnweeks.com
================================================== ==================

Here's my scenario for an odd (I think) situation with my employer-provided
401K plan:

When I was first hired with ABC Corp, they had a 401K deferred compensation
plan that I contributed to fairly aggressively. At the time, the company was
in the process of being purchased by XYZ Corp, a behmoth DOD contractor. When
I'd been here for about 1 year, they finalized the sale and froze the 401K
accounts. They told us that the plan/accounts needed to be auditted before
they could roll the funds into XYZ's program. Fine, no problem. XYZ
immediately allowed us to enroll in their 401K plan, and I took advantage of
that.

Now, over 4 years later, the old 401K's are still frozen and when I asked our
HR people, they checked and said that they're still being auditted. They
didn't have any more detailed information than that. In this
day and age of Enron shenanigans and corporations wiping out their pension
plans, I'm a bit leery. Does it really take 5 or more years to audit a
company's 401K program? My HR people may be telling the truth or telling me
what they've been told or they may be hiding things and I'd never know. Can I
ask the fund managers (T. Rowe Price, I think) for a status?

Apparently I'm the only suspicious person in my company because the HR people
acted like they'd never been asked that before and I had to jog their memory
that the accounts were even out there. If such a long audit is normal then
I'll back off and relax. But if it's not, I'd like to try to roll that money
back into an IRA or something else that *I* control.

- Sharon
"I fail to recognize your reality and will substitute my own."