fh2000 wrote:I do not think our company (a fortune 30 megacorp) would do this for all her employees. Somewhere, somehow, someone moved my account to "Managed".
I guess I am here to give everyone a heads-up to check your Vanguard account to make sure it does not happen to yours.
mack123 wrote:The program is called vanguard managed account program, VMAP. Employers have the option to select this as an advice feature for their plan. There may be promotions from time to time.. They'll send a letter and say unless you opt out, your account will have this feature going forward. This is what happened to OP. It's not Vanguard - VG doesn't care about your 401k and what funds you pick. They offer an advice program, your employer selected it, and decided that the best way to advertise it was to make it an opt out program.
fh2000 wrote:We have two family members who work for the same megacorp, though only one 401K account got moved. Not sure what criteria that triggered this.
The lesson learned here is not to throw away garbage mails without checking, or delete all emails without reading, I guess.