Quit work in Nov 04. Waited for employer to give Profit Sharing contribution, and then waited for plan to be valued. Finally, in May 06, I received my $5,000 distribution and rolled it into an IRA.
Now 6 months later, I received a letter from my previous employer stating they made an error in March 05 or $450. They are demanding I repay the money PLUS about $70 in interest.
I do not want to repay, and the letter threatened that they will file papers to compel me to repay.
It was their mistake from over a year ago, and they paid my distribution. Must I repay what they say I owe?
Thank you!
2006-11-20
06:32:33
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3 answers
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asked by
ThaneTheBrain
2
in
Personal Finance