Quicken for Windows
Quicken Community is moving to Single Sign On! Starting 1/22/21, you'll sign in to the community with your Quicken ID. For more information:
What is the best way to change the financial institution for a 401(k)
My company changes the service provider for our 401(k) plan. I need to know the best way to make this change in Quicken. Should I just change the financial institution on the existing account, should I create a new account, or something different?
Are you downloading transactions for these accounts?
Will the investment holdings be the same with the new provider, or will everything be sold then transferred in cash then other investments purchased?
QWin Premier subscription
Yes, I'm downloading transactions for both accounts.
Everything was sold by previous provider, transferred, and new investments purchased by new provider.
SuperUser, Windows Beta
So, sell all positions in the old account, transfer the cash to the new account and buy the presently held securities.
OR, since it's all one account (from your perspective) you can simply sell all securities in the account, disconnect the account from download, exit Q and restart Q, then change the Provider info on the account and re-connect it for download. They buy the new securities.
Q user since DOS version 5
Now running Quicken Windows Subscription, Home & Business
Retired "Certified Information Systems Auditor" & Bank Audit VP
Thanks for the help. For now, I created a second account and used the cash from the old account to purchase the new securities. I may decide to go with option 2 and delete the second account and change the financial institution and redownload. I will try that in a test file and see what works better. Thanks for the suggestions!
It looks like you're new here. If you want to get involved, click one of these buttons!
Alerts & Known Product Issues
Welcome to the Community!
Current Online Banking Issues
Before you Buy
Quicken for Windows
Quicken for Mac
Quicken on the Web