This post is not to incite a panic but we have heard from several Hellerites and ex-Hellerites this evening that for some reason, there is a freeze on the Heller Ehrman 401k accounts as of 10/6/2008.
One of our sources is an ex-Heller employee who decided finally to move their money over to their current firm’s plan. They were told that the plan was “frozen” as of 10/6/2008 and that no date has been given for the plan to be unfrozen.
Vanguard can be reached by calling Daniel Blau, +1 (888) 629-4920, Ext. 65327. Offices for Vanguard are open 8:00 am EDT until 8:00 pm EDT.
After calling Vanguard, people have been told to contact Carol Budinger at Heller concerning the freeze.
Hopefully we will get some more concise and definitive information tomorrow, hopefully from Heller management rather than our usual method of scrambling for such information.
Over and out.