Are there any deferred sales charges (surrender fees) from my existing provider if I transfer my account balance into the Cedars-Sinai 403(b) Retirement Plan now administered by ING?
Depending on your specific investment contract, you may incur a deferred sales charge (a fee for withdrawing your money early). Each staff member’s circumstances will differ. Depending on your deferred sales charge, you will need to determine if remaining with your current provider or moving to ING will be best for you. Therefore, please bring a quarterly statement to your meeting with a representative or call your current provider to determine if there is a surrender charge.
