I check on my investments at the end of the month. I also create an end-of-year summary annually, so I can track the performance of our portfolio. I have the bulk of my retirement funds in a 401k with my former employer. I just found out that they moved all my funds into a Target Date Mutual fund. They just moved them on the 27th of December. I previously had them in a cross-section of domestic and international funds of stocks and bonds. I didn't ask them to move the funds and they did not reach out to me prior to the movement. I compared the return of their Target Date Fund to the performance of my previous portfolio and it underperformed my previous fund summary by 7% in 2022.
I will reach out to them on Tuesday to see what the deal is. Needless to say, I am rather turned off by this unexpected move. I will likely end up moving my funds out into an IRA at this point.
I already have a brokerage account with Vanguard, so I would prefer to move the retirement funds into another mutual fund company. I guess I will be doing research next month. I'm open to recommendations.