Thread regarding Sungard Availability Services layoffs

401K funds under the Vanguard plan

Whether one decides to leave their 401k funds under the Vanguard plan that Sunguard has in place or not. My question is in light of the bankruptcy and financial instability are those funds protected since they are under the employee and/or former employee’s name within Vanguard? Any insight would be appreciated….

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Post ID: @OP+1hGadU7y

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The funds are not specific to Sungard unless you have unvested company matched investments. Any unvested funds would revert to sungard if you leave. If the company is sold, the 401k might get merged into the new owner’s 401k or it might be left in a separate plan… regardless, if you leave, it’s pretty easy to move your funds into a private plan.

If you’re concerned, you should call HR and ask them… if anyone is left in HR to answer the phone.

If you are in the KERP, you might check with HR to see if the payment is subject to the 401k withholding (it probably is) and whether the meager company match will vest.

Post ID: @1ior+1hGadU7y

Funds are in a target funds and typically balances between stocks and or bonds, depending on the funds you have in the mix. If I am not mistaken, these funds are not specific to SgAS. Food for thought: Why would you leave the money in it with the uncertainty in this market. The Vanguard target funds only make money if the markets go up. Self directed brokerage is the better bet, where you can diverse into some inverse funds at your leisure. Don't take my word, please do your own research if you're unsure.

Post ID: @wqn+1hGadU7y

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