401K account from former employer?
Monday, January 21st, 2008
ladyluck27 asked:
I opened a 401K with my former employer. I was only with the company a short time, but built up savings in that account nontheless. I left the money in the account, thinking I would just roll it over to my new 401K once my benefits kicked in at my new job.
So today, I logged on to my 401K online account (from my former employer) and balance is now $0!!
Does my former emloyer have the right to take that money from me? It’s been 5 months since I’ve worked there, but something just seems fishy to me.
Any advice is appreciated!
Question posted courtesy of: Richard
I opened a 401K with my former employer. I was only with the company a short time, but built up savings in that account nontheless. I left the money in the account, thinking I would just roll it over to my new 401K once my benefits kicked in at my new job.
So today, I logged on to my 401K online account (from my former employer) and balance is now $0!!
Does my former emloyer have the right to take that money from me? It’s been 5 months since I’ve worked there, but something just seems fishy to me.
Any advice is appreciated!
Question posted courtesy of: Richard
