My employer used Captain401, which was bought by HumanInterest, earlier this year.
I don't like any of the options I have for investing in and wanted to roll it into another provider but I'm being told I can't do anything but invest and choose the limited investments until I quit.
I used the 401k as a savings plan for a home, taking advantage of the employer matching, and I'll never be able to retire if I can't get out of renting.
I have emails from my employer suggesting we all take advantage, because of the employer-match, and how it's just the "best" investment option because we can always take it out early if we need to, we'd just pay a fee and risk devaluing this to a standard investment type. But now he says he's sorry and he didn't know he was mistaken when they switched.
Is this normal? There's misleading information on their site, emails, even the disbursement form suggests there are "hardships" and "retirement age" but they're not options I'm allowed to select. They've deemed the only option for getting your money out of the plan is to leave the company.
Do I have any options other than quitting?
Submitted April 24, 2018 at 07:46AM by ProofMethod https://ift.tt/2FcN9Db
