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Employer switched retirement company

Mark256

My employer switched the companies that handled my 401, 457, and deferred comp to one company. I also had an associated brokerage with these accounts. How do I account for this? There are 20 years of transactions in the old accounts. Do I just start over as new balances? How do i track performance? Do I hide the old accounts? Please give me advice on all I should do. Thanks for any help.

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Rocket J Squirrel

If the accounts were moved intact, just continue to use your existing Quicken accounts. If you've been downloading transactions, you'll need to deactivate the accounts for download, update each account's financial institution and account number, and finally reactivate the accounts.

Quicken Harold

Hello Mark,

Are you still experiencing issues?

Please let us know. If we don’t hear from you within 48 hours, the thread will be closed.

Respectfully,
~ Quicken Harold.

Mark256

Well, the old accounts have 20 years of transactions in them. The new company is Prudential. Do I just add new accounts for them and bring forward current balances?

q_lurker

Well, the old accounts have 20 years of transactions in them. The new company is Prudential. Do I just add new accounts for them and bring forward current balances?

RJS's prior suggestion (which I agree with) was to rename the accounts to reflect the new brokerage/manager (Prudential). You could open new accounts, but that is not required especially of the transfers were "lock, stock, and barrel".

If you (1) go that route and (2) want downloaded data and (3) Prudential offers download capability, then you will need to disable any prior download setup (if any) you had with the old company and re-initiate that setup to the Prudential system.