I found a Q&A attached to my pay stub from Fri and now I'm even more confused.
It says even though we have to wait a year to be able to participate/receive company match, they can set us up an individual Roth IRA and take deductions from our checks to send to the Roth account. After a year we can roll this money over to the new company's 401k plan or leave it in the Roth.
It then says if we want to roll over our current 401k into the new company's plan with Transamerica we can do that as well. I'm confused, if we cant participate in their 401k until we've been there a year how can we roll our current 401k to theirs? Sounds like a contradiction...or I'm just not grasping it completely.
|