Happened at a previous company for me too. They were paying people with their own 401k’s for quite some time before they went under. Some of my coworkers were putting in max contributions.
No one ever saw any of that money back. The management just rolled into a new venture like nothing happened. There were tons of lawsuits but they had all their money hidden away.
Did you ever get the money they owed you? I had a much less exciting version of that where a job I had was taking money out of paychecks for insurance that was never actually provided. Many years later the courts sorted things out and a few thousand showed up in the mail.
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Happened at a previous company for me too. They were paying people with their own 401k’s for quite some time before they went under. Some of my coworkers were putting in max contributions.
No one ever saw any of that money back. The management just rolled into a new venture like nothing happened. There were tons of lawsuits but they had all their money hidden away.
Continue…
deleted by creator
Did you ever get the money they owed you? I had a much less exciting version of that where a job I had was taking money out of paychecks for insurance that was never actually provided. Many years later the courts sorted things out and a few thousand showed up in the mail.
deleted by creator