Good Financial Reads: Advice for Employees
What Happens to My 401(k) When My Employer is Sold?
by Brian Berkenhoff, Birch Investment Management
Corporate mergers are nerve-wracking because they introduce a lot of unknowns into your life. Immediate questions come to mind. How will it affect your position? Your salary? Will there be layoffs? After the initial shock, other questions arise. If your employer is sold, what will happen to your retirement plan? Many times, the details aren’t determined until months after the merger is complete.