My Employer’s 401(k) Move Cost Me $18K

Ramsey Everyday Millionaires

Ramsey Network

Business, Careers, Investing

4.8 • 3.6K Ratings

🗓️ 23 June 2025

⏱️ 5 minutes

🔗️ Recording | iTunes | RSS

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Transcript

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0:00.0	This episode is brought to you by SmartVestor.
0:07.9	Connect with an investing pro near you at ramsysolutions.com slash smartvester.
0:13.8	Aaron is up in Columbus, Ohio.
0:15.9	Aaron, how can we help?
0:17.3	Hi, Kim.
0:17.8	Hi, George.
0:18.3	Thank you so much for taking my call.
0:19.9	You bet.
0:20.2	A longtime listener and follower of Baby Steps.
0:23.6	Thank you.
0:24.2	My wife and I made it Baby Step 7 about five years ago.
0:26.9	Hey, oh, that's no big. That's no small thing there. That's huge.
0:31.7	Yeah, thank you. We've got a problem. I wanted to run something by you, get some advice, and see what you think.
0:37.3	All right.
0:38.2	So one of the things we're doing well that got us there is investing in our company 401K plans.
0:43.7	And I work for a small business, a very small family-owned company at the LLC, and have been in there 401K about 14 years, have amassed about $ 315,000 at its height in March of this year.
0:59.8	We know what happened to the market in April, so it went down about 250.
1:04.5	And around that time, the company wants to switch providers.
1:08.7	So we get a blackout notice.
1:11.0	Everything seems coacher.
1:13.0	However, during that switch,
1:15.6	I found out that we were fully divested
	...

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