What is the name of your state (only U.S. law)? GA
I've been a participant in my company's 401K for 5 years.
Now they say it's Federal Law that I fill out a form giving my net worth, assets outide the 401K, ss and drivers lis. numbers, and other personal info.
I think this is illegal, especially the part about my net worth and assets which is none of their business.
They say they will discontinue my 401K if I do not fill out and sign this disclosure form.
What can I do, I want to participate in the 401K but I do not want to divulge my assets or net worth which I feel is no one's business at my work or at my 401K plan's office.
Thanks.
I've been a participant in my company's 401K for 5 years.
Now they say it's Federal Law that I fill out a form giving my net worth, assets outide the 401K, ss and drivers lis. numbers, and other personal info.
I think this is illegal, especially the part about my net worth and assets which is none of their business.
They say they will discontinue my 401K if I do not fill out and sign this disclosure form.
What can I do, I want to participate in the 401K but I do not want to divulge my assets or net worth which I feel is no one's business at my work or at my 401K plan's office.
Thanks.