New JB 401k
10-23-2016 | 12:00 PM
#1
Thread Starter
Gets Weekends Off
Joined: Mar 2011
Posts: 199
Likes: 0
From: A320 CA
New JB 401k
Here are some lovely customer reviews of the crap sandwich that we are being fed. . .
https://www.yelp.com/biz/empower-ret...wood-village-3
https://www.yelp.com/biz/empower-ret...wood-village-3
10-23-2016 | 12:16 PM
#2
facing forward
Joined: Sep 2006
Posts: 290
Likes: 0
From: forward facing stick actuator
Here are some lovely customer reviews of the crap sandwich that we are being fed. . .
https://www.yelp.com/biz/empower-ret...wood-village-3
https://www.yelp.com/biz/empower-ret...wood-village-3
Out (censored) standing. What could possibly go wrong during this roll over from TRP. I may just not do the transfer and roll my TRP funds to and IRA.
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10-23-2016 | 12:57 PM
#3
SDQ Base Chief
Joined: Mar 2006
Posts: 6,056
Likes: 34
From: 320 CA
I don't think that's an option unless you're at least 59.5yrs old. It's called an "in-service rollover."
10-23-2016 | 01:43 PM
#4
Line Holder
Joined: Feb 2013
Posts: 1,295
Likes: 4
From: CA
My understanding is that Southwest Airlines also went to this company Empower, including SWAPA (pilot internal union) which manages their 401k. However SWAPA is in the process of leaving it after not being happy with it while SWA remains.
How much more could TRowe be?
How much more could TRowe be?
10-23-2016 | 02:29 PM
#5
SDQ Base Chief
Joined: Mar 2006
Posts: 6,056
Likes: 34
From: 320 CA
My understanding is that Southwest Airlines also went to this company Empower, including SWAPA (pilot internal union) which manages their 401k. However SWAPA is in the process of leaving it after not being happy with it while SWA remains.
How much more could TRowe be?
How much more could TRowe be?
10-23-2016 | 03:09 PM
#6
Gets Weekends Off
Joined: Apr 2013
Posts: 4,553
Likes: 396
My understanding is that Southwest Airlines also went to this company Empower, including SWAPA (pilot internal union) which manages their 401k. However SWAPA is in the process of leaving it after not being happy with it while SWA remains.
How much more could TRowe be?
How much more could TRowe be?
SWA uses empower for all their retirement plans, including the company 401k and profit sharing. SWAPA manages our own pilot 401k and has a very successful program that employs some very smart people. For a very long time, SWAPA used Schwab to manage the accounts. SWAPA, for some strange reason (guessing money), decided to switch to Empower last year. The results were horrible. Guys couldn't access their accounts for weeks and weeks, things were just wrong, options that many used went away, and customer service was nonexistent. After about six weeks of that, SWAPA made a hasty exit back to Schwab where everyone was happy.
This isn't your kids' lunch account, this is your retirement account. Good customer service and investment options are a must.
10-26-2016 | 03:37 AM
#9
SDQ Base Chief
Joined: Mar 2006
Posts: 6,056
Likes: 34
From: 320 CA
No way unless you're 59.5yrs old. If anyone finds otherwise let us know.
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