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Vanguard 500 Index Inv Message Board

  • oakridgetom oakridgetom Mar 26, 2009 4:38 PM Flag

    401(K) - Dividend /Distribution?

    The company XYZ I worked for offering 401(k); the package contained information about bonds and mutual funds through M. L.. A total of 13 funds.

    I put my money in 500 Index. It was the only one fund in my account.

    Throughout the years, I received dividend/ distribution with a small amount semi-annually and with a larger amount at the end of the year - annually). No complaint there.

    However, my company moved the 401(k) account to H.F retirment plans and transaction completed in September 200X. Fund matched fund, bond matched bond as documents stated. So, did my 500 Index.

    The fourth quarter was approaching, and the year end went by, no dividend/distribution paid out.

    I checked the my account. I called to H.F retirement plans and customer service did not know what "Dividend/ distribution" is. I was so upset.

    I also asked whether this 500 index is in "Variable Annuity". Customer Service said, "No".

    I was told dividend/ distribution will be appearing on my first quarter statement of the new year. Months went by. In April of the following year, I received my 401(k) account statement and showed nothing about the dividend/ distribution of the last year.

    I never received that annually dividend/ distribution paid out for that fiscal year!

    Company punished me for speaking up.

    =*=*=*
    I just wonder whether you all receive any dividend/ distribution for your 500 index in any retirement account such as 401(k), IRA, Roth IRA, and SEP-IRA, etc...?

    or whether, H.F retirement plans firm did not offer dividend/ distribution for 500 index? if it was true, then it can not be "fund matched fun" right?

    Please help! Thanks.





    I had 401(k)

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