My mother-in-law has a Veba with a large school system in the midwest that is Ran by Met. I am a financial advisor after looking over the funds they are full of unneccesary expenses and we both share the belief that money for healthcare should not be gambled (ie in the stock market, which by the way should be criminal). We just want something that earns a little interest like a savings account would (steady as she goes). There is only one fixed option that probably hasn't paid 3% since the early 1980's when intrest rates were in the high teens. Is it possible to move these funds outside the control of Met? Or is the money locked in like 401k plan or worse?
Thanks in advance