H
HappyCamper
US
Review
Review of alight
H
HappyCamper
US
Nov 06, 2023
Should Never Try to Run a 401K Plan
Completely over their heads when it comes to managing my company's 401K plan. I'm retired and trying to roll my funds over to my own rollover IRA at a highly reputable investment firm. The plan statements are inscrutable, the customer service reps know just about nothing (though they are at least pleasant), and the whole experience is excruciating. My financial advisor scratches his head when I describe the statements I get from them and the information that is NOT provided. This firm used to be a health and welfare benefits consulting practice. They were never investment managers. They have no business trying to play at being investment managers. I note that the head of Global Benefits for my former employer used to work at this company when it was Hewitt Associates, which perhaps explains a lot. What a disservice to all the hardworking employees and retirees to stick them with this poor excuse for savings plan support.
Receipt photo:
Date of experiance: Nov 06, 2023