- Report: #1301049
Complaint Review: Transamerica Retirement Services - Nationwide
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Author Not Confirmed
Why?
Transamerica Retirement Services
Nationwide, USA
Phone:
800 401-8726
Web:
https://www.ta-retirement.com/
Categories:
Business Rating:
(0)
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Transamerica Retirement Services Trinet, Trinet 401k, Transamerica, TriNet Passport 401(k) Plan Not for Poor People Los Angeles Nationwide
This company makes it a business practice to eat up small accounts with charges and fees.
I was sold a 401k account by Transamerica and my employer.
2 months later I'm laid off.
I only have $200 in that account. I can't add more money to the account, my employer wasn't "required" to match my funds (apparently it was optional and no one told me), Transamerica and its mutual funds ate up $50 in admin costs and charges, and now they want $40 to roll the money over into another IRA.
If I continue to argue with them, they will eventually close the account, take the fees they want, open another account outisde the 401k plan, at an institution of their choice, and give that institution the remainder of my money. They have done that.
