401k investment help
My company changed are 401k to prudential . Have you heard of Goal maker and what is your
opinion ? Thank you.
Terry Says
This is an “asset allocation” model that recommends which funds employees should use in their 40l(k) plans. It has been controversial. You might want to read about this lawsuit (not against Prudential, but against an employer that used it for their plan), regarding the choices and costs of funds recommended. It is the employer’s responsibility to provide low-cost funds for their plan. So make sure you check the costs of the recommended funds inside your plan. Maybe share this with your HR department.
Note: I could not find out if this lawsuit has been adjudicated yet. But the complaint is interesting.
