Personal Investments • Do you have two diff employer Empower 401k Accounts? tell me

Friends,

My current employer has 401k account that is managed by (held at?) Empower. I like it and works well.

I have a 401k account with my previous employer at Vanguard. I don't want to roll over that account into IRA because I want to have the ability to do backdoor Roth. I also don't want to rollover the prior employer account into my current employer account because the choices at Vanguard are better.

Recently, my prior employer has just announced that they are going to have Empower administer the 401k account also. The fund choices will remain the same, they will still be in Vanguard index funds, but, the administrator will be Empower.

Have you experienced similar situation with having two different Empower 401k accounts with two different employers? Right now, I have linked my Vanguard account to Empower. So, my old 401k is updated automatically. And I can use it to simulate retirement planning etc.

But, with two different Empower accounts, would I be able to do the same? If you have experience with this particular situation, please let me know.

Statistics: Posted by dundee — Sat Sep 21, 2024 2:40 pm — Replies 1 — Views 56

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