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We have client merging pst plan into existing 401(k) with American funds. (Pretty close to open architecture but bundled) Using Capital Bank and Trust as directed trustee. All work is complete and 25 million in assets liquidated ready to transfer. At the 11th hour we have discovered small Wells Fargo stable value position that will not liquidate since this is not a plan termination but merger and AF will not hold or record keep. They say can be held as an outside asset until maturity in 2018(we would actually liquidate sooner for distributions but can not now due to blackout) they will include the value in their reporting if provided. Need to know who should be custodian of this asset etc.? Anyone with any experience on issue like this? Would appreciate your comments.
