Rich Carreiro <rlcarr[at]animato.arlington.ma.us> writes:

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However, a relatively recent development in the deswign of 401k
plans is the growing additoions of either self-directed brokerage
account opeions and/or "mutual fund windows" (the latter allowing
folks to invest in funds only through a mutual fund supermarket).

Not all employers, by any stgretch, have offered these options, but
a recent survey showed the majority either have - or are *considering*
adding them.

Talk to your employer.

(For more info, google on "401k" and "mutual fund window")

--
Plain Bread alone for e-mail, thanks. The rest gets trashed.
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On 27 Jul 2005 16:40:04 GMT, "T.C. Mann" <Inthemedia[at]yahoo.com> wrote:


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Every now and then I encounter a plan that lets active employees roll
out of a 401k, but usually not. Such exceptions are typically related
to safe-harbor provisions where older participants are allowed to roll
out for investment reasons. As you have already been told, check with
your employer. If you doubt their response, ask for the plan document
- it will answer your question.

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Only if provided in the plan document. Having said that, it would be
unusual to see an employer-charged cost to roll out. More likely if
there is an exit cost it will be investment related like surrender
charges or sales loads.

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Without my crystal ball (broken now for over 30 years) that question
is too general for me to tackle. <grin

-HW "Skip" Weldon
Columbia, SC

Look in the plan summary for partial in-service rollover. If it is allowed
than you can.

Otherwise if the returns are bad be sure to point it out to the people in
charge. They have a fiduciary responsibility to be sure the plan is reaching
its goal. If they don't care or tell you it is not there problem, let the
Department of Labor know.

"T.C. Mann" <Inthemedia[at]yahoo.com> wrote in message
news:1122477898.029377.186200[at]o13g2000cwo.googlegroups.com...
- quote -

"T.C. Mann" <Inthemedia[at]yahoo.com> writes:

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[snip]

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Yes, and most (all?) do. [It might even be a requirement
of the tax code.]

--
Rich Carreiro rlcarr[at]animato.arlington.ma.us

My current employer has a 401k plan which I have participated in for
the past 3 years. I am no longer comfortable with the quality and
diversity of the investment choices in this plan, not to mention the
poor rates of return. As such, I would like to do a direct rollover of
100% of my vested monies into a traditional IRA in order in order to
increase my investment choices. I am not planning to terminate my
participation in the plan so the I can continue to receive my
employer's contribution. I just don't feel comfortable having all
my retirement savings there. The questions I have are:

Can my employer block such a transfer?

Can my employer legally charge a penalty?

Any other problems with doing this?

Thank you