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Employers Ripping Off 401Ks

Discussion in 'Political Discussion' started by DisgruntledTunaFan, Jul 23, 2010.

  1. DisgruntledTunaFan

    DisgruntledTunaFan In the Starting Line-Up

    Oct 12, 2006
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    Some employers steal from 401(k) plans Robert Powell - MarketWatch

    BOSTON (MarketWatch) -- Most of the time, the money you contribute to your 401(k) ends up in your account. But there are times when it doesn't, as evidenced by a recent flurry of press releases from the U.S. Labor Department's Employee Benefit Security Administration.

    Roughly once a week in July alone, some of the 150 million Americans covered by the more than 700,000 employer-sponsored retirement plans received notice that their hard-earned money ended up in the wrong pocket.

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