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[–] 2 points 3 months ago (5 children)

Why would the employer care which funds are available though?

Here, the employer picks the provider and default fund, but you can change it to anything the provider offers. (Although most don't)

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  • [–] 2 points 3 months ago

    So I thought I had that setup, but it so happens that I ended up with two 401ks at the exact same provider via two different companies, and there are different options between the employers.

    I don't see a particular pattern as to why one would be different from the other, but they are...

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  • [–] 1 point 3 months ago

    Sorry, it's the same as you're describing. The employer doesn't decide which funds are available, the bank does. I'm thinking back to my last job and there were only about 10 funds to choose from, but I couldn't tell you who was responsible for limiting the options. The bank might have offered a "retirement benefits package" to the employer to simplify things. Not sure.

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