tag:blogger.com,1999:blog-14224910.post4574134601828590480..comments2024-02-14T11:11:09.643-05:00Comments on Nevin's Data "Points": Change ParseNevin E. Adams, JDhttp://www.blogger.com/profile/07162580850277740193noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-14224910.post-26564995074319388142011-05-29T08:48:19.094-04:002011-05-29T08:48:19.094-04:00Sarah, the question is analogous to me trying to t...Sarah, the question is analogous to me trying to tell you how long it would take you to move your personal residence. <br /><br />The truth is - it “depends”….on how much “stuff” you have, how much you insist on bringing with you, and where you are planning to relocate to – and, as I alluded to in this piece, when you are planning to move. <br /><br />There are providers out there who will maintain that, given lots of the right amounts of preparation, your plan could be physically moved over a weekend. What’s key is the preparation. Personally, I’d shoot for 3 months (start to finish), and count on six. You can do it in half that time if you are truly focused, and less than that if you are “motivated” enough and willing to make sacrifices in investment options, provider choice, and plan design.Nevin E. Adams, JDhttps://www.blogger.com/profile/07162580850277740193noreply@blogger.comtag:blogger.com,1999:blog-14224910.post-1180455490277165612011-05-23T10:06:40.218-04:002011-05-23T10:06:40.218-04:00Hi Nevin-- your points are well taken. At best, ho...Hi Nevin-- your points are well taken. At best, how long would you estimate a provider change takes? That is if I'm all over it : )Sarahhttp://blockvision.comnoreply@blogger.comtag:blogger.com,1999:blog-14224910.post-4286760794592292242011-05-16T17:52:39.833-04:002011-05-16T17:52:39.833-04:00This sounds like excellent advice for another reas...This sounds like excellent advice for another reason, also: as most employers use a calander year for their Plan Year, most parties involved have a lot of year end work at that time. A mid Plan Year conversion, therefore, may allow more time on the part of each party (the Plan Sponsor, recordkeeper, administrator and others).Barnard S. Walsh, CEBShttp://www.walshinvestments.comnoreply@blogger.com