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401k

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Purplesky

Guest
What is the name of your state?What is the name of your state? California
In my last 401K statement I noticed that under "employee contributions" the amount stated was $400 less than what I usually contribute per quarter. I reviewed all the statements since I opened the 401K account with my employer and discovered that almost all statement amounts were off. One was over by $100, but most were under. All in all, what I contributed since opening (I checked against my paycheck stubs) to this particular financial company was over than what they invested by $800.00. I'm going to find out tomorrow whether the financial co actually received the wrong amt from my employer, or if it's their mistake. In any case, even if my money is reimbursed in full, I lost investment growth oppotunities in the last 2 yrs. There might also be other people in my co who are in a similar situation. What should I do?
 


Beth3

Senior Member
The first thing you should do is speak with your employer - there may be a simple explanation. If you still have concerns or unaswered questions, then contact the financial company where the funds are being invested. If contributions have gone missing, they will be (or certainly should be) very concerned.

If you still have concerns after that, contact the federal Department of Labor.
 

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