Related Posts
which pension fund manager is best for nps ?
Additional Posts
Is Google still hiring? I have got good feedback from phone round and on to on-site. However, it's been 3 weeks and on-site hasn't been scheduled. Recruiter sited that change in interview process is causing delays. With Facebook (Meta) hiring freeze and market not doing well got me bit concerned.
Any inspirational podcast recommendations?
Does anyone work in Islamic finance consulting?
Can I get a MBB referral for a business analyst role in the middle east? I reached interview level with McKinsey and BCG (from a non target school) but didn’t prepare well for the case studies. Now I am much more prepared and have a clear plan for preparation + further improving my CV. Happy to discuss further in DM. McKinsey & Company Boston Consulting Group Bain & Company
New to Fishbowl?
unlock all discussions on Fishbowl.
Usually the funds are out of the market for one day. They have to be liquidated and wired over as cash.
This plan moved to a new custodian, but was primarily staying with the same fund family for most positions, just moving to less expensive share classes. A to R4. There are a handful of new funds on the new platform as well, but only about 8-10.
Funds are out of the market for a few/several days. Funds are not reinvested after wire receipt until the recordkeeper reconciles plan data. It’s stays in cash until records are signed off. Even with same fund family lineup there is liquidation and repurchase. This is typical for 401k plan conversions and only an issue when the market swings in the interim. Of course this is communicated the the plan sponsor in advance.