Question

Hi my name is XXXX XXXXXX and I have a 401k question to ask you. I switch jobs a bout 5 months ago and I want to roll over my 401k to my new employer. My problem is that I have to cash my 401k money and deposit to my new employer plan. I already contact the old 401k plan and they told me that they are waiting for my former employer to send my termination day of employment. My former employer is refusing to release my 401k money because I took a loan from them which I’m paying in monthly payments. The employer is saying that he is going to keep my 401k money because I fail to make 2 monthly payments. The reason for this is because one of my son’s had an accident and I have to pay the medical bill, because my former employer cancel my health insurance the very same day of my last day of work.
I contact the Department of Labor of my state is been over a month and the employer has not released my 401k savings. The Department of labor people said that they are saying that they are going to keep the money and going to talk to a lawyer.
I hope you can advise me I am desperate don’t know what to do.    

Thank very much for your time and help
Luis O