merciless

It was definitely mapping. The investment committee tells me they were told by the investment advisor we would be put in similar funds so they didn t give it a second thought.

Appreciate the input. I am a partner in a company that merged with another company. I had a significant amount of my 401k in an alternative investment fund. The new investment committee of the new company did away with my fund and mapped me into a different alternative investment fund. Out of a gold/silver miners fund which Ive been in for years and into a long/short equity fund. I ve already noted the underperformance of the new fund. I was sent a notice by mail from the company which was thrown away unopened as it came from a third party administrator that I was not aware had been hired, The losses from the underperformance are around 6 figures

We recently merged with another business and our 401k plan was transferred to a new broker. Without my knowledge, my monies which were self directed to a specific fund in the old plan were mapped to a dissimilar fund when the blackout period ended. Apparently the old fund was removed from the plan on the advice of the new broker and with the approval of the new business investment committee. The new fund has underperformed my old fund by 25% since the blackout period started a month ago. The company claims I should have received written notice by mail. Do I have a legal claim?