M
ms_nj_0800
Guest
I have received my statement for 401k from my old job and found out that the ex-employer has withdrawn money from the account. I have contacted the financial institution that manages that 401k and they have said there is nothing they can do, even though all the money in the account is mine, 100% vested and the whole thing.
Is this true? The financial institutions managing the 401k will let the ex-employer into my account and withdraw vested funds?
Then I have contacted the ex-employer's HR department and payroll. They have found out what the problem is but are not doing anything to fix it. I have also written a letter to the plan administrator demanding my money back.
What can I do to get my money back? Is there a particular law that protects me? I assume filing with the department of labor is the last thing I can do, but I am sure it will take a very long time to have it fixed if it goes to DOL.
Please help.
Is this true? The financial institutions managing the 401k will let the ex-employer into my account and withdraw vested funds?
Then I have contacted the ex-employer's HR department and payroll. They have found out what the problem is but are not doing anything to fix it. I have also written a letter to the plan administrator demanding my money back.
What can I do to get my money back? Is there a particular law that protects me? I assume filing with the department of labor is the last thing I can do, but I am sure it will take a very long time to have it fixed if it goes to DOL.
Please help.