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Report: #1199193

Complaint Review: AON Hewitt - Charlotte North Carolina

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  • Reported By: Krypter — Delaware
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  • AON Hewitt 7201 Hewitt Associates Drive Charlotte, North Carolina USA

AON Hewitt Financial Services Pretty sure the goal of this company is to drain your account using their fee schedule Charlotte North Carolina

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I'm fairly sure that Hewitt is a legitimate organization. I don't suspect that they broke any laws; however, stay the heck away from this immoral corporate money sucker.

At some point a 401K with a prior employer - Best Buy (also company deprived of morale) was moved to this company for holding. The action was performed without any knowledge to me. In fairness, I'm sure some kind of letter was sent, but never made it's way to me after a couple of residential moves. 

After four years, a statement manages to be rerouted to my new residence. Much to my shock for the last three years, AON Hewitt has been sending paper statements to a very out dated residential address at the cost of 7.50 a quarter. The account was in a Hewitt money market making 0.0002% APY (I rounded up) and for that awesome interest rate they charge $40 annual maintance fee. If costly taking your money. Unless you have something shy of half a million in there, you're not going to recover those fees.

Once I was aware of this activity I immediately put a halt to it and requested information on getting my money to a reputable company. Two months later, the money is finally moving.. oh yes, with fees of course. To remove your money from their greedy grip will run you a $75 termination fee and $40 maintenance fee.

After digging around their site I was able to find the fee schedule: https://www.hewittfs.com/tabfeed/clients/RETAIL-RET/pdf/Retail_and_IRA_CandF_Schedule_10-2013.pdf

I'm cutting my losses (~$320) at the stake that hopefully someone will read this as stay far far away.

This report was posted on Ripoff Report on 01/03/2015 03:06 PM and is a permanent record located here: https://www.ripoffreport.com/reports/aon-hewitt/charlotte-north-carolina-28262/aon-hewitt-financial-services-pretty-sure-the-goal-of-this-company-is-to-drain-your-accou-1199193. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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