MSN Posted May 5, 2009 Posted May 5, 2009 We're getting calls from plan sponsors about a report that Shephard Smith made today. They are concerned that they can't take money out of 401(k) plans anymore and I'm looking for information about what he actually said. I assume this was targeted at stable value funds that are being locked down, but am having trouble confirming. If anyone saw this, I'd love to hear what the story was about!
Bird Posted May 6, 2009 Posted May 6, 2009 I read something yesterday, I think in the WSJ, about certain illiquid funds (e.g. real estate funds) that weren't allowing redemptions and it was being made to seem like a 401(k) problem when really it was a fund liquidity problem. Yawn. Ed Snyder
K2retire Posted May 6, 2009 Posted May 6, 2009 I have neither read nor heard anything recent -- but I have encountered an real estate fund with Principal in individually directed accounts that they are refusing to liquidate.
Guest jims Posted May 6, 2009 Posted May 6, 2009 Here's a Wall St Journal article from May 5 about stable value funds being locked down. http://online.wsj.com/article/SB124148012581385199.html
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