I just discovered errors in my 401(k) due to HR mistakes - is this common?

The Redditor worked at a company with around 600 employees and regularly checks their 401(k) contributions 'just in case.' Their vigilance uncovered fees that ballooned into a company-wide investigation. This highlights how crucial it is to periodically assess retirement accounts, as errors may go unnoticed for years, affecting all employees. The discovery of a payroll error led to the recovery of approximately $92,000 for the company, illustrating the financial implications of diligent oversight.

Two years after noticing an unexplained $12.50 fee, they discovered a $153.95 negative company match in their 401(k). Initially dismissed by HR as a trivial issue, further investigation revealed a significant payroll system error affecting all employees. This incident underscores the necessity of employee engagement regarding their financial accounts and a proactive approach to address anomalies, serving as a valuable lesson in financial vigilance for everyone.

Read at 24/7 Wall St.