Left Fiserv awhile back and haven’t missed it at all.
But I completely forgot who Fiserv’s 401K provider is. I’d like to invest my money somewhere not tied to Fiserv, but probably should know where to start!
Thank you!
6 replies (most recent on top)
@uux+1tk0xiZb - Not sure what you're trying to say. I can think of three factors in determining whether or not to move out of an old 401k: fees, returns, simplification.
If the fees are reasonable, the returns on par with what you could get elsewhere, and you don't mind your money spread around a bit, who cares if it sits there?
I do remember working at a place where I let the money sit in a few funds after I left. A year later, I received a letter saying I was welcome to leave it there, but the fees for non-employees were increasing. I transferred it to something else.
I'm not a mathematician, but I would assume that you are costing yourself money by having your old 401K sitting there, not getting any more contributions, while contributing to a new 401K that started over at zero. Can anyone smarter than me confirm my thinking or am I just a mo--n?
I know your initial reaction is to move the money, but from what I remember, Vanguard fees were low, and ML fees are even lower. So that money might grow faster sitting where it is due to lower fees than you can get elsewhere. At least compare that before moving it.
benefits dot ml dot com
ML dot com
They were likely at Vanguard when you worked here, but your account would have been migrated to Merrill Ly nch.
Your Employee Stock Purchase Plan provider is still with Fidelity.
Merrill Ly--h