Consolidating 403b accounts
18 in Purdue Memorial Union.* Purdue's retirement program investment options.* Retirement account fees.* How to consolidate retirement plan accounts.* How to schedule a confidential consultation.West Lafayette campus workshops will be offered Jan. Check the Staff Benefits website at Transfer Workshops.htmlfor a schedule. Through either option, employees can obtain the appropriate paperwork and complete the transfer process with the help of a Fidelity representative."That means that transfers can begin now that Purdue's enhanced retirement plan is in effect." Wesner says that having balances with more than one financial provider can mean that employees are paying more in fees than necessary.In addition, consolidating can give employees a better overall picture of their investments, fewer retirement account statements to review and less overall information to consider. There is no loyalty in the workplace any longer – from both employees and employers.Specifically: – For ages 23-27, 75% of workers were with their employer for less than 2 years.
#wp-subscribe.wp-subscribe-1 #wp-subscribe.wp-subscribe-1 h4 #wp-subscribe.wp-subscribe-1 p #wp-subscribe.wp-subscribe-1 .regular-text #wp-subscribe.wp-subscribe-1 .submit #wp-subscribe.wp-subscribe-1 .thanks #wp-subscribe.wp-subscribe-1 .error #wp-subscribe.wp-subscribe-1 .Rolling over a 401K does not count towards your IRA contribution limits and there are a number of good reasons to consolidate your 401K’s by moving them into a rollover IRA. Beyond that, there are often obscene percentage of 401K asset fees in 401K plans.As of July 1, 2012, 401K administrators are now required to disclose all fees and the result should be eye opening for everyone. Fees can be as high as 1.9% of assets annually but average about 1.3% for plans with fewer than 100 members, which account for 88% of plans Check out my post with a list of online brokers for a complete list of IRA fees.Confidential consultations for those who prefer them Faculty and staff preferring to sit down face-to-face with a Fidelity Representative can schedule a confidential consultation at any time.Call Fidelity's reservation line at 800-642-7131 or go online to to schedule a confidential consultation.
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A schedule of walk-in help sessions at the West Lafayette campus is available on the Staff Benefits website at Transfer Workshops.html; regional campuses will communicate their own schedules.