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401K Question.

diamondx
diamondx   |     |   110 posts since 2011

How long does /should it take to transfer money in one fund to another ?  I was thinking it would be like a stock purchase and that it would be done within 1 business day. . Not talking about cashing out or a rollover.



Answers
Ally6770
Ally6770   |     |   2,521 posts since 2010
When I was working it would show the next morning as being transferred. Not sure if it is
quicker now. We would do it on-line. 
diamondx
diamondx   |     |   110 posts since 2011
Not any quicker --I transferred everything to a fixed income fund and it wasn't processed for 4 days --lost over $4k in value.  Prudential.


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