Back story: Up until 8 years ago, I was a career girl climbing the corporate ladder. And like every smart single gal, I had a company 401K. At the urging of my then fiancé (now my hubby), I quit my job and started working as an independent consultant. So naturally, I had to move my corporate 401K to a personal IRA. Simple, yes?
Oh no. I have tried to close my old 401K on THREE occasions. The first time, when I moved it over initially. The second time, when they told me there was some interest money from the quarter I left the company. And the third time, when they told me I had $8 in the account and could they please write me a check (minus 40% taxes, of course).
So you can imagine my surprise when this showed up.
WTF? WTF? WTF? Not only did they have to hunt me down for a current address, but they had to spend the money to print this out and mail it to me. And I love how I have three cents, but am only vested to one penny. F*cking ridiculous. Why don’t you guys take my penny and hire someone with more competence? You’re welcome.
(I would like to point out that this is not my former employer’s fault. It’s the morons at T. Rowe Price.)