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Politics : View from the Center and Left

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From: cosmicforce	7/19/2009 12:22:56 PM
	Read Replies (1) of 541986

When Big Brother is not the government, but your employer. Did any of you know this? It was news to me that the employer could override your investment choices in 401k. How would they know what your other investments are and be able to assess whether this is you only plan or not. Creepy. finance.yahoo.com Failing to diversify investments. Although significant changes to the 401(k) plan are usually the catalyst for an employer to change your retirement investments, a 401(k) trustee can legally make changes to your retirement investments at any time. For example, if your portfolio is not properly diversified, your employer could take steps to diversify your 401(k) for you. For a 20-something employee with no equity exposure in his retirement account, an employer has the ability to move his retirement stash into an age-appropriate default investment. If a baby boomer approaching retirement age has 100 percent of her portfolio in the stock market, an employer could move her money into a qualifing fund with a smaller allocation to equities.

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