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| junkmdlb[at]hotmail.com (DLB) writes: - quote - > When I became eligible I transfered my former emp
Well, I'd start with a nice letter, enclosing a copy of the> 401k to my new company 401k. Now the former company "said" > they kept $40 of my payroll money to do just that when the > time came, rollover from that 401k to one designated by me. > I found out that my 401k had a reduction to do the transfer. > How can I fight this with the former company that "kept" the > portion of my payroll to do this transfer and then actually > had money deducted from my 401k instead. 401(k) statement showing that you paid the charge twice. If that doesn't get you your $40, you might try complaining to the state labor officials. And then, there's always court. Phil Marti Topeka, KS << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| "DLB" <junkmdlb[at]hotmail.com> wrote: - quote - > Long and short. Worked for one company that had my 401k. Was
How do you know they weren't supposed to do that? Did you> a laid off consultant. Got another job, perm, with another > company. When I became eligible I transfered my former emp > 401k to my new company 401k. Now the former company "said" > they kept $40 of my payroll money to do just that when the > time came, rollover from that 401k to one designated by me. > I found out that my 401k had a reduction to do the transfer. > How can I fight this with the former company that "kept" the > portion of my payroll to do this transfer and then actually > had money deducted from my 401k instead. actually read your summary plan description? I personally have never heard of such a thing, but I wouldn't be shocked if there was some sort of transaction fee, or if you weren't fully vested. - quote - > This is criminal!
Spare me the hystrionics. Driving off a bridge, leavingsomeone to drown, and serving five more terms in the US Senate is criminal. You don't even know that they weren't supposed to do what they did. Find out. -- David M. Woods, EA Boston, MA 02109 Postings here are general information only and not to be relied upon as advice. << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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| Long and short. Worked for one company that had my 401k. Was a laid off consultant. Got another job, perm, with another company. When I became eligible I transfered my former emp 401k to my new company 401k. Now the former company "said" they kept $40 of my payroll money to do just that when the time came, rollover from that 401k to one designated by me. I found out that my 401k had a reduction to do the transfer. How can I fight this with the former company that "kept" the portion of my payroll to do this transfer and then actually had money deducted from my 401k instead. This is criminal! << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| 401k, employer, rollover |
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