Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
The likely explanation is that the funds at Prudential have a sales charge associated with them and your employer has opted to "freeze" the old plan until the sales charge expires. THe Prudential funds are probably in a group annuity product or in Class B Shares. There is a sales charge that decreases each year and eventually goes away.
Your company switched to T. Rowe probably because its a no-load fund family without the sales charge and lower overall fund expenses.
It may be possible for you to move your funds within the prudential plan.
Ask your employer for a detailed explanation.

Bill
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! 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.