When a company decides to switch from one investment firm to another to manage their 401(k) plan and accounts, what happens to the monthly dividend payouts for the bond funds if the transfer occurs before the end of the month?
Let's say you have funds in Vanguard's Total Bond fund that are being transferred, and the transfer occurs after the 20th of the month (for a 30-day month). I would have assumed that the distribution for that month would have been prorated at the end of the month by 20/30 and would show up later. Or is this for something else?
Let's say you have funds in Vanguard's Total Bond fund that are being transferred, and the transfer occurs after the 20th of the month (for a 30-day month). I would have assumed that the distribution for that month would have been prorated at the end of the month by 20/30 and would show up later. Or is this for something else?