Benefit Consulting Group
BCG Refuses to close old 401k account in order to continue to assess fees

Business & Finance

We chose BCG to manage our 401k about 6 years ago. I have been trying to close the account and execute a rollover of my funds to a new provider over the last two years. They have found every excuse imaginable to delay and deny the rollover.

Keeping the account open allows them to continue to assess fees. When the fees are paid and proper forms are filed, they continually find a new form that needs to be filed or a new fee that needs to be paid first.

In the meantime, they are assessing more fees. Of course, they are more than willing to help themselves to all of the fees and charges by deducting it out of my 401k account prior to the rollover.in effect, this holds hostage my retirement funds.

I would urge anyone seeking any service that BCG offers to continue looking.


Company: Benefit Consulting Group
Country: USA
State: New Jersey
City: Delran
Address: 600 Delran Parkway
Phone: 8563682000
Site: bcgbenefits.com
  <     >  

RELATED COMPLAINTS

BB&T Bank
IRA CD rolled over early, $50 early withdrawal fee charged

Morgan Stanley-Denver
Account closing fees and annual maintenance fee at brokerage

ExpertPlan
ExpertPlan Retirement Services: A Ripoff!

BetUS.com
How could BetUs.com still be in business when it's clearly a FRADULANT and UN-ETHICAL Business?

Triad Financial
Ripoff buried us in rollover after making payments for two years

Trident Group
Acess to my 401k with promises of helping me find new employment

Cingular Wireless
Repeated overcharges, hidden fees and false plan information