Thread regarding DXC Technology layoffs

401K move to Fidelity

DXC is moving the management of the MAP 401(k) to Fidelity, effective Jan. 1st.

Is this truly a good thing, is there some kind of devil in the details, what do you think this indicates about the direction of DXC if any at all?

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Post ID: @OP+12qmxokQ

17 replies (most recent on top)

See the following for information about the transition to Fidelity:
https://www.myfidelitysite.com/p/1565638381/27184/dxc-technology

The Fidelity site where 401K information will be available is at:
https://www.netbenefits.com

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Post ID: @Bqax+12qmxokQ

Anyone know the link to the DXC Fidelity portal?

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Post ID: @Aunw+12qmxokQ

Uh it's monday, when the heck are we getting our login info

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Post ID: @zrbn+12qmxokQ

DXC MAP is one of the weirdest 401k plans I've ever had. I don't know why you say that, It was easy to roll over what I had in it my personal IRA , jsu need to have your financial person talk directly with the MAP people. The paper work was done in less than 1 hour

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Post ID: @7nhf+12qmxokQ

To: @12qmxokQ-3atl
What you say is absolutely correct. However, DXC has already stated that the options for where to put your 401(k) money has not and will not change in the short term. So, there's no change. I expect that to change however going forward.

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Post ID: @3cox+12qmxokQ

DXC MAP is one of the weirdest 401k plans I've ever had. It is like pulling teeth to manage it or contact anyone over in that team and you are insanely limited on withdrawal options (none of them are good or worth) should an emergency happen. I've had Fidelity with another company before and they have much better and safer options, and an entire company of competent individuals who can help.
JUST speaking from experience. Who knows how it will actually go though, lol.

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Post ID: @3fla+12qmxokQ

Fidelity has its faults, but the Hewett MAP had nothing but black box funds based on supposed retirement age. The funds never came close to matching a simple S&P 500 index fund. There was a self-directed option, but Hewett charged $15 a quarter for the privilege of buying better funds.

Fidelity has many more funds to choose from, including index funds. Much better than Hewett.

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Post ID: @3atl+12qmxokQ

Another thing Fidelity does: if you roll your Fidelity 401(k) over to another plan provider, despite Fidelity making a profit through the expense ratio, they charge more ($50 the last two times I did it) for the privilege of leaving.

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Post ID: @2dmt+12qmxokQ

Fidelity is low tier c-ap my friends. If you think this minor change is some sign of new hope I pity you. I do see several positive signs, but this is absolutely not one of them.

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Post ID: @2wgn+12qmxokQ

Good luck trying to liquidate inherited retirement accounts held at Fidelity. They try lots of delay tactics to encourage you to just keep the money with them, require you to fill out endless forms which have to be notarized, and pass the buck from department to department. If you decide to stay with them, work through a local office instead of their corporate offices in Cincinnati.

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Post ID: @1ijf+12qmxokQ

This is a great move in terms of service. Fidelity's 401k portal and tools are far superior to what we have today. I can never find anything on our current site – it just isn't logical. And anyone who knows anything about these things would know that this effort to change administrators would have had to start at the beginning of 2019. Just because we're just hearing about it now doesn't mean it was a recent decision.

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Post ID: @1dcc+12qmxokQ

I never did MAP and still have an account with Fidelity from before DXC and they are an excellent company with good investment tools. This move is a very positive thing.

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Post ID: @lns+12qmxokQ

You know you can rollover your MAP 401K anytime into another 401K, so what is your problem? I rolled mind over and will do the same again next year after the match. It's an easy process, u can contact any EdwardJones.com agency (or anyone else) to do it for you too

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Post ID: @vuo+12qmxokQ

You can view your MAP today anytime you want on a web browser

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Post ID: @jmd+12qmxokQ

Well...the current MAP 401(k) is garbage. The choices are horrible. But they already said that the choices will stay the same at Fidelity. It's almost 2020 and there is no MAP app to use to check out your 401k. Insane. At least w/ Fidelity you can have an app and review your money whenever you like.

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Post ID: @eic+12qmxokQ

The move of the 401k has nothing to do with what the New Mike is doing for employees, it has to do with cheaper fee’s for DXC.

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Post ID: @maw+12qmxokQ

His a manager so his trying to divert attention to other topics instead of pay rises.

In summary the strategy is workers=pay cuts every year.
Management=nice rises and bonuses.

The rest they waffle and divert attention so they can continue on this core strategy.

What does it matter whose managing 401K if your on peanut pay!!!!

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Post ID: @aol+12qmxokQ

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