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CENTRAL TRANSPORT 401k plans

Discussion in 'Central Transport' started by avatar, Nov 21, 2013.

  1. avatar

    avatar Active Member

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    Called JP Morgan yesterday to switch my plan over into an IRA. Was told there is a hold on all Vitran accounts untill further notice. Seems that we are only CT employees in ares that suit the company.
     
  2. vijax

    vijax Active Member

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    called Roxanne in pitt, you have to wait until it becomes ct fidelitiy 401k then you can switch. vitran never put a dime in our 401k. , its the employees money, not ct. total bs
     
  3. had enough

    had enough pErSoN oF iNtErEsT

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    412.453.4842 roxanne
     
  4. avatar

    avatar Active Member

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    Yea called Roxanne she's not answering or returning calls. This is total bs. I don't want my money in anything that has to do with Central. After reading up on this guy just don't trust it.
     
  5. had enough

    had enough pErSoN oF iNtErEsT

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    she said nothing can be done until all vitran terminals are closed, basically dragging their feet.
     
  6. MaggieMae

    MaggieMae Active Member

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    You'll have access to your funds eventually. There are laws about these things. Just keep your records so you can prove how much you had in there.

    In a Corporate Merger, What Happens to Your 401k - 401khelpcenter.com
     
  7. MaggieMae

    MaggieMae Active Member

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    They're not dragging their feet. Read the link I posted. It's a complicated process that can take months.
     
  8. had enough

    had enough pErSoN oF iNtErEsT

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    did'nt take that long when we changed from pjax to vitran.
     
  9. sadsack679

    sadsack679 Active Member

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    Yea, Bernie Maddoff isn't answering calls from "ANYONE" in Pitt at the moment. Some people out there are in panic mode.
     
  10. simple723

    simple723 Active Member

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    Called JP Morgan today funds are still on hold. When I first called last month the excuse was that I am still a Vitran employee, todays excuse is they are waiting to see what CT wants to do with my money. WOW
     
  11. Jeepstr723

    Jeepstr723 Well-Known Member

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    One of our fellow brothers made that same call and he said that I could post the answer he got. " if you terminate employment you can still get to it. Once you provide a document from CT for them to release it". On another note, anybody hear from their TM's requesting them to sign a document about CT not having to pay the employee $500.00 for not giving 2 weeks notice. Not sure what he is talking about, though.
     
  12. simple723

    simple723 Active Member

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    The only thing i heard about is if you return the handheld back damaged you could be liable.
     
  13. nophix

    nophix Active Member

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    The paper says if you give, and complete a 2 week notice, they will give you a $500 bonus.
     
  14. simple723

    simple723 Active Member

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    All 401k accounts will be rolled over to central transports 401k. This will take effect in about 2 months or less.
     
  15. Jeepstr723

    Jeepstr723 Well-Known Member

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    Do they also deduct your uniforms, jacket and hat when you terminate?
     
  16. ABFer

    ABFer I live Here

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    You'll have to stay on top of it. If you leave you should get your money and can roll it into a rollover IRA. If you are still there when it gets sent to the CT plan and you are 59 1/2 or older you can get it out of there into a rollover IRA. If you are not 59 1/2 and stay you are stuck with the change.
     
  17. Jacknife18

    Jacknife18 Senile Member

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    LOL... This place is crooked like a question mark. :-P
     
  18. ct42long

    ct42long Active Member

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    CT contributes 600. to your 401 every February, once a year .... the rest you contribute. and no quips or smart remarks with this post.....:couch:
     
  19. Jeepstr723

    Jeepstr723 Well-Known Member

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    Sounds like more lies, lies, lies as usual.
     
  20. had enough

    had enough pErSoN oF iNtErEsT

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    sounds like they'll try to rid those vitran drivers before feb then.
     

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