What does blackout period mean?

blackout period meaning in Law Dictionary

When a survivor prevents getting their particular advantages and begins getting pension advantages.

blackout period meaning in Business Dictionary

the full time framework between when a deceased individuals partner prevents obtaining survivor benefits and when he or she starts obtaining your retirement advantages.

blackout period meaning in Insurance Dictionary

A time duration when members in a 401(k) plan tend to be maybe not permitted which will make changes in their particular investment allocations. The typical blackout duration continues from 4 to 6 months and it is enforced when an employer-sponsor of a 401(k) plan changes from a single program administrator to some other. Statements against fiduciaries charged with overseeing such plans most frequently arise when the currency markets drops dramatically during blackout durations. Claims tend to be more most likely at these types of times, because staff members cannot transfer monies out-of stocks and so reduce losses. To cut back experience of such statements, companies offering 401(k) plans should supply notice of blackout periods really in advance of this time where these are typically scheduled to start.