Topic Archive: Settlement Proceeds

What Do We Do With Mutual Fund Settlement Proceeds?

DWC | 08/7/18

Facts

Our company sponsors a 401(k) plan, and we moved to a new recordkeeper about two years ago.  Last week we received a letter and a check from our previous recordkeeper indicating that the check represented our portion of the proceeds from a legal settlement involving one of the mutual funds that used to be part of our plan investment menu.

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