UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: trico47caddis One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75776  
Subject: 401 K SHARE vs UNIT Date: 4/30/2014 10:06 AM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Recommendations: 0
Greetings to All,

I hope the good people that frequent this board can clear up an issue for me?

My wife holds a mutual fund in her 401 K. Upon reading her quarterly statement under the heading "Ending Units/ Share" she held 1,513.055. A nebulas number at best. Are these held as shares or units? And what is the difference between the two?

Her ending balance for the name fund was $28,639.02, so I divided the balance by 1,513.05 and came up with $18.93. But I went to Morningstar looked up the fund's NAV which was $37.28 for a balance of $56,404.69. This is roughly half of $28,639.02. Question why the big difference?

Sorry for so many questions. I did call the company that manages her 401 K but did not get a satisfactory answer.

Respectfully,

Mike
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

The Retire Early Home Page
Discussion on accelerating retirement day.
Pencils of Promise - Back to School Drive
"Pencils of Promise works with communities across the globe to build schools and create programs that provide education opportunities for children."
Managing Your Wealth
Our own TMFHockeypop from Rule Your Retirement fame on the TV show Managing Your Wealth.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Post of the Day:
Value Hounds

Clorox Isn't Cleaning Up
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement