Thread regarding Target Corp. layoffs

Stock Freeze

I'm off on Medical. Just got emailed. Target Froze own stock. Are they bankrupt or selling Company? Any word out there?

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MQ6sCi7: the stock is not frozen. The internal stock fund is, two very different things. Log into target pay and benefits, it explains the match allocation and what happens to any new investment $$. The link was also posted to the letter that went out in this thread which also covers everything.

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So where does the match that Target makes go if Tareget 401K stock frozen???

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bgtv: sadly that's exactly what this is. No conspiricy, no underhanded corporate buggery just lazy TM's who didn't log in and diversify their investment allocation for new deposits.

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Ha! Is this because so many dumb--ses At Target were putting ALL their 401k money into Target stock? Finance 101 type stuff right here. SMH.

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Pending Ersia lawsuit on file in Mpls court.

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So this one's been well covered. Dear lord though, roll your $$$ from your old Target 401k after you leave to an IRA or your new 401k. There is no benefit to keeping it with Target after you're gone.

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5elz: you probably should have consulted a "grown up" financial advisor when you took your "grown up job." In general you lose many advantages a 401k offers an active member. (employed with the company making contributions) In addition with Tgt401k you also pay higher fees than an employed member does.

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It wasn't just sent to "TM's". It was sent to all participating in 401k. I chose to continue my TGT401k for diversification purposes 10 yrs ago when I left Target to get a grownup job. 😉

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Target Stock Fund Purchase Freeze. Currently, there is a 20 percent purchase cap on the Target Stock Fund within the TGT 401(k). Effective June 22, 2017, a purchase freeze will go into effect. This means you will no longer be able to contribute or transfer money into the Target Stock Fund; however, any amounts you have already invested in the Target Stock Fund can remain in the Target Stock Fund indefinitely. Please see the Target Stock Purchase Freeze in the TGT 401(k) notice for more details.

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Wait, what...how does Target have enough people employed that Target stock 401k investments are in excess of 20%. My worst fears are now confirmed. ..idiots are employed at the company.

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This is for TM's with active 401k payroll deductions. Beginning 6/22 you will not be able to allocate these new investment deposits to the Tgt stock fund because it has met its deposit cap of 20% of all funds on deposit in the tgt401k.

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My husband works for Target. The stock itself is not frozen. The email everyone is referring to states that Target employees can no longer purchase Target stock within 401K after June 22, 2017

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Uh, Target!

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2svq: why don't you post it?

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2svq: yeah what's cooking is the investment mix on deposit in TGT 401k has gone beyond 20% of the total. Post Enron most publicly traded companies added company stock caps to employee retirement accounts.

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Ummm....something is cooking for them to notify 401k participants that Target stock can no longer be purchased. Someone post the email.

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1rme: you again... such a pita

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Correction: not just active employees; I left the company last October and I received it, too.

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Many people got this email, including me!

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FYI all: this once again proves that most of the people posting here do not work at Target. This email only went to TM's.

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+1 freeze on buying more stock beginning in June

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fyi this "freeze" does not impact selling stocks. It is related to a mechanism that went into place years ago to limit the exposure of you/me to having too much Target stock as a percentage of our company managed investment portfolios in 401k etc. It about managing risk. #diversifyyourcontributionspeople

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Officers do have trading windows, however this communication is certainly NOT communicated in emails and is preset years in advance when options are granted.

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I'm guessing the officers (VP level) have some inside info on something that other stockholders dont and are being told they cannot execute trades in Target syock.

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Kindly cut and paste the entire email. Target could freeze temporarily its stock repurchase program, but beyond that all trading of Targets stock is controlled by the NYSE not Target. It's actually not Target's stock. It's the individual shareholders.

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Not fake news.I got the same email

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Not going bankrupt, but would not be surprised if being purchased. Market cap only $29B thanks to our failed leadership.

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This must have come from CNN.

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Fake News!!!

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Google doesn't turn up anything about Target stock being frozen. Who sent out the email?

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