I have a participant directed 401(k) plan.
I plan to have money transferred into my account after the close of the market today so it will sit in my 401(k) plan account until Monday uninvested.
If I change my investment election of future money on Monday morning, will the investment of the money received on Friday night be invested in accordance with my new investment elections that I made on Monday morning or will it be done using my investment election at the time the money was received on Friday night?
Does anyone know what the rules are with this?
Thank you!!
