Re: May I convert my old 401Ks to an IRA?
One negative aspect of staying with your old 401(k) plan after leaving the employer is that there are some hidden expenses, outside of the actual MF that your funds are in, that you may not actually be aware of.* There extra expenses that fund the fees that the TPA charges the employer (normally passed on to the employees). If you care about ER, you may dig a little deeper into the plan document of the 401(k) to get your hands around the real costs or call the employer to find out about them.
Another negative is that the employer can delete the specific fund that you like any year that he wants to.
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