My previous employer had an ABRP (which I think is like a pension but some of you probably know better than I do). I only have around $8k in it because I wasn’t there long.
I just received notice that the company is terminating the ABRP and I have a few options: 1) roll over into my 401(k) 2) cash out (and take penalty and tax hit) 3) leave it where it is and it will be managed by a group annuity contract purchased from an insurance company
Rolling over to my 401(k) seems like my best option. Are there fees involved or anything else to look out for?
Is there a good case for either of the other two options?
original posted by Unique_Limit_1576 to r/personalfinance on Sun, 03 Mar 2024 23:13:59 GMT.