I think they should change Human Resources department name to "Limited Resources"
And that department name can be used for any department really. I've found the things that most impact me, are also the toughest to get answers and change on.
I was upset about our 401k offerings. This is pretty simple complaint. After getting passed onto the comptroller and me making a semi-public stink about the lack of offerings, the comptroller began planning for changes.
If there is no plan to change, then there will not be change, or bad change will just rear its head.
The icing on the cake...the plan we changed to forced everyone into a managed portfolio..when I opted out, I got charged all the txn fee's and now get charged $15/quarter for the single ETF I own.
I later realized the only reason we changed plans was an attempt to save money. We were saving money with the plan administrator by them forcing people into that managed portfolio. I was seriously disappointed with the plan representative they sent to explain all of this.
He spent literally about 30seconds quickly brushing over how to opt out of the plan. And of course there was no time for questions at the end of the presentation...oh and there was immediately a presentation after the one I attended. Sooo if you want to ask questions, email them to HR and they can fwd on, or try and stop by after the last presentation of the day, oh but by the way the rep has a flight to catch so they don't have much time for questions.
I am fortunate my company allows us to contribute 75% of our salaries to 401k. Or at least that is how the system is configured.
I wanted to ask questions about in-service withdrawals, fees etc.
Soo when I finally did talk to the plan administrator about the fee's, they referred me back to my companies 401k administrator.
I'm still pissed it costs me $60/yr to fulfill 24 ETF orders. Basically comes out to a $2.50/per trade fee which to me is ridiculous. So much for fringe benefits.
And that department name can be used for any department really. I've found the things that most impact me, are also the toughest to get answers and change on.
I was upset about our 401k offerings. This is pretty simple complaint. After getting passed onto the comptroller and me making a semi-public stink about the lack of offerings, the comptroller began planning for changes.
If there is no plan to change, then there will not be change, or bad change will just rear its head.
The icing on the cake...the plan we changed to forced everyone into a managed portfolio..when I opted out, I got charged all the txn fee's and now get charged $15/quarter for the single ETF I own.
I later realized the only reason we changed plans was an attempt to save money. We were saving money with the plan administrator by them forcing people into that managed portfolio. I was seriously disappointed with the plan representative they sent to explain all of this.
He spent literally about 30seconds quickly brushing over how to opt out of the plan. And of course there was no time for questions at the end of the presentation...oh and there was immediately a presentation after the one I attended. Sooo if you want to ask questions, email them to HR and they can fwd on, or try and stop by after the last presentation of the day, oh but by the way the rep has a flight to catch so they don't have much time for questions.
I am fortunate my company allows us to contribute 75% of our salaries to 401k. Or at least that is how the system is configured.
I wanted to ask questions about in-service withdrawals, fees etc.
Soo when I finally did talk to the plan administrator about the fee's, they referred me back to my companies 401k administrator.
I'm still pissed it costs me $60/yr to fulfill 24 ETF orders. Basically comes out to a $2.50/per trade fee which to me is ridiculous. So much for fringe benefits.