Nearly 600 Wells Fargo employees face layoffs in Winterville
WINTERVILLE — Wells Fargo will layoff 593 employees at its Winterville service center at 1451 Thomas Langston Road, according to a filing with the N.C. Department of Commerce.
The notice said affected employees may receive a formal, written notice between June 21 and Oct. 18.
Source – North Carolina Business News Wire — April 19, 2018
Most 401k, Profit Sharing or ESOP plans do not have active management so there is really no one specifically guiding the plan investments. What this means is that like most traditional investment companies, in the event of a severe downturn the investment advisors have no method for moving to a lower risk profile automatically.
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Wishing you the best.
Doug Reed, CRPC, AAMS