What is a blackout period?

By Bob Schneider | Updated May 27, 2018 — 11:48 AM EDT

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A:

A blackout period is a period of at least three consecutive business days, but not more than 60 days during which the majority of employees at a particular company are not allowed to make alterations to their retirement or investment plans. A blackout period usually occurs when major changes are being made to a plan.

For example, the process of replacing a pension plan's fund manager may require a blackout period to allow for necessary restructuring to take place.

Read more: What is a blackout period? | Investopedia https://www.investopedia.com/ask/answers/08/blackout-period.asp#ixzz5HQCPkAve

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