Why limit 401(k) choices

[athena53]

Quote:

Originally Posted by unno2002 [FONT=&quot]I am a cynic. I see limited company 401k investment choices as a lazy or misinformed decision by management.

Or they gave the contract to the dear relative of a highly-placed executive.

[Hyper]

"I am a cynic. I see limited company 401k investment choices as a lazy or misinformed decision by management. "

In my messed up mind, after working jobs with extreme amount of OT, I believe some employers do not want employees getting ahead. The employees getting ahead makes them want more time off and considerably less productive. The companies I worked for would promote going out and buying that new vehicle or toy. Kept the employees hungry and always wanting to work OT.
I've never had the pleasure of working for a well managed company.

Hyper

[youbet]

Bad choice on your part Hyper. Why do you choose to work for poorly managed companies? It's important to carefully research employers before signing on and to be willing to move on if you mistakenly choose a bad one.

[eta2020]

Quote:

Originally Posted by youbet Bad choice on your part Hyper. Why do you choose to work for poorly managed companies? It's important to carefully research employers before signing on and to be willing to move on if you mistakenly choose a bad one.

+1

I almost always worked for companies with great 401k plans.

But one still needs thick skin to deal with office politics and at times work sucks

[Hyper]

"Bad choice on your part Hyper. Why do you choose to work for poorly managed companies? It's important to carefully research employers before signing on and to be willing to move on if you mistakenly choose a bad one."

Absolutely agree, but the work I was in seen many come and go, which they would leave on a whim. Seemed they were always chasing greener pastures, divorced several times and I can't remember one of them being in a stable financial position. I kept thinking I was so close to being done that I'd stick it out a bit longer which was extended multitudes of times. The last few yrs I went into the office. Bad, Bad decision. Ultimately, regardless of the struggle, except for that one bad decision, wife and I are glad with past decisions to get to where we are now.

[jazz4cash]

Quote:

Originally Posted by Hyper "I am a cynic. I see limited company 401k investment choices as a lazy or misinformed decision by management. " In my messed up mind, after working jobs with extreme amount of OT, I believe some employers do not want employees getting ahead. The employees getting ahead makes them want more time off and considerably less productive. The companies I worked for would promote going out and buying that new vehicle or toy. Kept the employees hungry and always wanting to work OT. I've never had the pleasure of working for a well managed company. Hyper

This is the first thing you said that I actually agree with.

Cutting to the point of what to do if you have a bad 401k plan......can you do a rollover from the 401k to an IRA?

Have you read your summary plan description to understand the features of the plan? Some plans allow rollovers and some do not. Some only allow it with restrictions.