No handling fee for MPF transfers — but no interest during the switch

This article is a rewrite of a report from September 2012.

An MPFA senior manager disclosed that under the Employee Choice Arrangement taking effect in November, employees moving MPF benefits to another trustee would pay no handling fee — but had to transfer everything, not just part of it.

The 6-to-8-week transfer process would earn no interest while underway, he added, urging employees to carefully compare trustees’ products, services and fees before deciding.