What happened to Royce Opportunity Fund

[Call Me Laura]

We'll start off with I don't really understand financial markets. I'm willing to learn, to a certain point, but it's just not something I'll ever spend free time on for fun. With that in mind, please don't get too technical on me.

 

I was putting my 401(k) transactions in Quicken and noticed on March 26, 2,767.296 shares at a value of $35,692.92 were moved out and then on March 27, 2,786.046 shares for a market value of $28,194.79 were put back in. What's up with that? Is it good? Bad?

 

I have several funds also managed by Hewitt & Associates, but this is the only account like that. I didn't transfer any money around, as I'm very hands off. I looked online, but nothing jumps out and says anything about something happening in March. I'm not sure if I should be concerned or not. Thoughts?

[Kevin20]

We'll start off with I don't really understand financial markets. I'm willing to learn, to a certain point, but it's just not something I'll ever spend free time on for fun. With that in mind, please don't get too technical on me.

 

I was putting my 401(k) transactions in Quicken and noticed on March 26, 2,767.296 shares at a value of $35,692.92 were moved out and then on March 27, 2,786.046 shares for a market value of $28,194.79 were put back in. What's up with that? Is it good? Bad?

 

I have several funds also managed by Hewitt & Associates, but this is the only account like that. I didn't transfer any money around, as I'm very hands off. I looked online, but nothing jumps out and says anything about something happening in March. I'm not sure if I should be concerned or not. Thoughts?

 

 

Huh? That doesn't sound right or normal at all. You need to check your 401k more carefully -- not via Quicken -- check your 401k online, check the transactions for March for your whole 401k portfolio. None of that makes any sense. You should not have $7500 disappear from any fund overnight unless 1) that amount was reallocated into another fund within your portfolio or 2) you borrowed that amount from your 401k.

[Call Me Laura]

Why not in Quicken if it has the transactions? The money wasn't moved to another fund, nor did I withdraw any. Who should I ask about it?

[Kevin20]

Why not in Quicken if it has the transactions? The money wasn't moved to another fund, nor did I withdraw any. Who should I ask about it?

 

 

Just allowing for the possibility of some download- or Quicken-related glitch as the first step in troubleshooting. Just thinking through what I'd do -- it only takes me a minute to check my 401k online, maybe yours isn't as accessible.

 

In any case, your 401(k) documentation or website should have some number for customer service with the 401(k) administrator -- call that and ask why $7500 disappeared on March 27.

[Call Me Laura]

So you think this has to do with the plan administrators and not the fund itself? I'll try to find a contact. Our HR stuff was outsourced offshore and a lot of our stuff is apparently unfamiliar to them.