You may contact the company whenever additional information about the status of your TDA is desired. It is important in this investment-conscious society to make sure you have as much flexibility as possible with your investments. Check to see that your contract has an array of investment options with which you are comfortable. Also make sure the penalties for transferring from one account to another are, at most, minimal. Termination Provisions Termination is the complete withdrawal of the participant's funds from the plan.
Some contracts assess a charge against the total plan in the event that it is terminated.
Although there are alternatives to termination, like transferring to another fund within the product or temporary withdrawals, participants should carefully evaluate termination provisions. Reasons beyond the control of the participant, such as the deterioration of the insurer's financial condition, may result in a need to terminate the plan. All rights reserved.