S
s guss
Guest
What is the name of your state? Arizona
I left my employer in April, 2004. I "had" a 401K. Approximately 3-4 months ago I requested paperwork regarding my options for distribution of my 401K. This past week I received a check for my "cash out" of my investment. This was done without my authorization by my former employer. They said that since it was more than 30 days that I had requested the distribution forms and that they had not yet heard from me, they had the right to request cash distribution be sent to me as they wanted to remove me from the enrollment. Is the company legally able to do this? Please advise. Thank you.
I left my employer in April, 2004. I "had" a 401K. Approximately 3-4 months ago I requested paperwork regarding my options for distribution of my 401K. This past week I received a check for my "cash out" of my investment. This was done without my authorization by my former employer. They said that since it was more than 30 days that I had requested the distribution forms and that they had not yet heard from me, they had the right to request cash distribution be sent to me as they wanted to remove me from the enrollment. Is the company legally able to do this? Please advise. Thank you.