Thread regarding ConAgra Foods Inc. layoffs

Laid off now. What happens now to my 401K?

I was recently laid off from the company in December. I received a letter about my 401K in CRISP today notifying me that I need to move it or cash out by 03/04/17.

Is a sale of the company approaching?

I don't even know what to do with it, any recommendations would be appreciated. Thank you

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Verified that all CRISP participants got the letter. But why? Suspect management is pulling a fast one to gain control of more shares of stock at their lower cost. Then when they sell the company they will make even a bigger bundle.

Note to current Seanagra employees.

Get out of there as soon as you can. You are riding a truck getting ready to plunge over a cliff.

You have been warned.

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Question. What city did you work out of?

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Take the money and run! SeanAgra is dying and the corpse will be sold within 4 years.

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My understanding is that you have to sell the ConAgra and/or Lamb Weston stock by 03/04/17. I received similar sounding notice. Sold what little CAG I had and moved to another fund in CRISP. Based on what I know you can move to an IRA pretty much on your time frame. I was laid of in early 2016. If we have the same notice suggest read it again to verify what I think it states. Hope this helpful.

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First, don't worry - they can't take your money back, so its yours.

You can roll over your funds into a Rollover IRA at a bank, Charles Schwab, etc. Open the account at a new place then send the withdrawal forms to CRISP and the money will be in your total control. Tax status remains the same as long as you roll directly to a new Company and not directly to yourself DON"T DO THAT!! LOL

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