Hi,
I have ML 401(K) account, but wants to know if my 401(K) will be affected by the recent fall of the firm.
I currently have vest my 401(K) into five different investments; three with equity/stocks and two with bonds.
One of equity/stock is called 'ML Large Value CIT Tier 1" IVR Code: 14240
I have vested $880 total so far but my balance shows only $830 and want to know if it's because of ML stocks I'm vesting into.
Any advise? Should I switch to different stock option? Can I switch it now? Or do I have to stick to it until I move to different firm? Thanks!