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Posted by Jeff on January 4, 2008, 8:42 am
Please log in for more thread options Thanks Andrew,
When it got transferred to TRPrice I had to pick different investments. I
already activated the new account and everything is there. Maybe I will
just leave the Hewitt account hidden since it doesn't affect the bottom line
and this way I can have the account it tack. Thanks Jeff
> Jeff wrote:
>> My employer changed there 401k administrator and plans. It used to be
>> Hewett now it's TR Price. TR Price updated fine but Hewett still
>> shows a balance and all accounts are there. When I do an update
>> Hewett does not update and I don't have access to them anymore. How
>> do I zero out the account. I don't want to transfer because TR Price
>> is correct. For now I have hidden the account. It's that all I can
>> do. Thanks Jeff
>
> Funny- I just went through the same thing with Hewitt but it went to
> Fidelity. Boy, they must be losing big accounts. But I digress (as
> usual....)
>
> At any rate, I simply disabled the online transfer ability ("remove one
> step update") to Hewitt, and activated the same account with Fidelity.
> Kept the same account. I even renamed it since I had Hewitt in the name
> ("401K Hewitt" is now "401K Fidelity"). Upon reactivation, Quicken even
> asked me to match the funds since the names where slightly different
> coming from Fidelity. Ergo, kept the entire cost basis. Pretty slick.
>
> Now, with Fidelity, it actually then downloaded ADDED SHARES at that time;
> I think that can be handled a number of different ways - I just simply
> REMOVED the total set of shares per security from Hewitt the same day at
> the net add from Fidelity and all is well. Might not have been the best
> way of accounting, but i'll leave that for others. Worked for me.
>
> (One thing I did notice, as an aside, is that Fidelity only tracks with 3
> decimal places of accuracy, whereas Hewitt had 6. This is going to cause
> me a problem. Even when simply looking at the Fidelity website, one
> multiples they NAV by number of shares hoping to come to fund
> balance....not even very close. Hewitt was always within a single cent.
> Fidelity is off by several dollars, the larger the account values, the
> worse the error in actual dollars. I'd be curious how TR Price does
> this....pls. report back.)
>
> --
> -------------------------------------------------------------
> Regards -
>
> - Andrew
>
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