I thought I was contributing to my 401k but I found out my boss has just been taking the money - what should I do?
Briefly

from 24/7 Wall St.3 months ago
The relationship between modern employers and employees increasingly reflects feudal agreements, exacerbating the vulnerability of employees to exploitation as regulations are rolled back.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/i-thought-i-was-contributing-to-my-401k-but-i-found-out-my-boss-has-just-been-taking-the-money-what-should-i-do/
The author has been contributing to a company-sponsored 401(k) only to discover that their employer has not been depositing these funds since January 2024.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/i-thought-i-was-contributing-to-my-401k-but-i-found-out-my-boss-has-just-been-taking-the-money-what-should-i-do/
After finding that 13 other employees faced the same issue, the author lost confidence in their employer's promise to rectify the missed 401(k) contributions.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/i-thought-i-was-contributing-to-my-401k-but-i-found-out-my-boss-has-just-been-taking-the-money-what-should-i-do/
Amidst various legal advice online, the only viable solution for the affected employees is to consult and hire an ERISA lawyer for guidance.
24/7 Wall St.https://247wallst.com/personal-finance/2024/12/14/i-thought-i-was-contributing-to-my-401k-but-i-found-out-my-boss-has-just-been-taking-the-money-what-should-i-do/
Read at 24/7 Wall St.
#employee-rights #401k-issues #legal-advice #exploitation #erisa-law
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