No. of Recommendations: 3
rfmjbs,

In a 401K, the transaction should be tax free. So you will be free to reinvest the funds in any of the other investment choices in the plan. But another aspect is that the new owner may modify the 401K plan. That can give you the chance to roll your 401k into an IRA, where you have more control of investment choices. Your 401k can also be frozen for several months while the transfer is made. So plan ahead and make any adjustments to wait it out if necessary.

I didn't think about that aspect. Not that the company cannot change the 401k however they want to now :)


I am a little confused now. Are you working for "the company" that is going private or do you just own shares of "a company" in your 401k that is going private?

Gene
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