and the company says your 401k plan is theirs then what?
2007-03-03 17:47:20 · 4 answers · asked by kyandindiana 1 in Business & Finance ➔ Corporations
If you have contributed your own money they can't do that. Some companies contribute for you but you have to remain at the company for a certain period of time to claim any of it.
2007-03-03 17:55:37 · answer #1 · answered by MeanKitty 6 · 0⤊ 0⤋
Other than considering some legal counsel, you may have begun to understand the sickness of corporate America, and may I recommend developing your own retirement plan from here on out?
I never took a 401k, because to me something is wrong with a high pressure plan where I supposedly can't lose... If it's so good, why all the pressure? If you don't believe me, the next time you at first politely refuse to sign up for a 401k, watch and see for yourself.
2007-03-04 01:58:01 · answer #2 · answered by netthiefx 5 · 0⤊ 0⤋
They are saying you don't get to keep the money in your 401k?
Maybe if they contributed all the money, and you haven't been there long enough for it to vest. But otherwise, if you contributed money or there was no vesting period or you've been there long enough to vest, then what they are doing is criminal. Contact the local prosecutor's office.
2007-03-04 03:14:37 · answer #3 · answered by Uncle Pennybags 7 · 0⤊ 0⤋
Then you get a lawyer, because they're wrong.
2007-03-04 01:50:43 · answer #4 · answered by Anne 4 · 1⤊ 0⤋