RE: Possible Breach of Fiduciary Responsibility. The plan
RE: Possible Breach of Fiduciary Responsibility. The plan administrator for my 401K is also the general partner of the law firm I work for. On 10/15/2015 I requested a 401K loan. Loan was approved with the following terms: Principal Amount: $26,131.00; Effective Date: 10/19/2015; Maturity Date: 10/19/2020. On 9/1/2016, I was informed that the firm I work for is closing its doors. January 1, 2016, the law firm I work for will no longer exist. My question is, didn't the plan administrator, who is also the general partner of my firm, have some sort of fiduciary responsibility to me to not approve that loan? Like I thought there was this loyalty thing. This loan isn't even a year old yet. I believe he had a duty to me to protect me first, If he knows material facts affecting the interests of me, which he knows I do not know, doesn't he have a duty to me to either tell me before I make a decision to get a loan that large for a term that long knowing what the consequences are, or if he didn't want to tell me at least not approve it for that much money and that long a term? Please help me. I asked one of the other partners and at first he said he knew I had a loan and he would find the answer for me. The next time I talked to him he didn't have my answer and now he said he knew nothing about it. I was on vacation when all this went down. Nobody has talked to me other than the one partner who says he does not know. I'm not going to ask the general partner if I don't know the answer and his other partner says he doesn't know. Plus, these are estate and probate lawyers, come on...really, like they don't know. It is a small firm - only 3 partners. They don't pay overtime either so, if they break that law I don't trust that they will make this right. I don't know what to say when I do get in the room with him. Thank you in advance for your help.
I was fired due to my stepfathers death. My employer DENTAL
I was fired due to my stepfathers death. My employer DENTAL SOLUTIONS has a call out policy that u call the office manager. I called at 4am and tex when he passed. I even called office so girls could cancel my patients. The manager did not get in til noon and said she never got messages but the girls up front were re sceduling patients because they knew. 4 yrs I workd there, never late and I get fired over my step father dying. I cannot find a job and want to file complaint and sue.
I was hired by my company 19 yrs ago 11/97 as temp to perm
I was hired by my company 19 yrs ago 11/97 as temp to perm and was officially hired 1/12/98. At time of hire company was giving retirees medical benefits as part of their package. (Company pays part and employee pays part) As of 12/97 of year hired they were no longer giving this benefit. Do I have a possible case to appeal for this benefit upon my projected time of retirement. I'm not planning to retire from here until January of 2021. When I reach 66.6 years (full retirement age) and have had 24 yrs with company.
On July 15th I worked my last day at my former employer and
On July 15th I worked my last day at my former employer and received what I was expecting to be my last paycheck on the 20th. At that time I had accrued 2 weeks vacation time and was assuming that I had lost until August 5th when I looked at my bank account and saw that I got paid. Unfortunately two weeks go by and the Director of operations calls me and tells me that they forgot to take me off the payroll and I will need to pay the money back. I explained that the money was already spent and I would not be able to immediately pay them back and I don't hear anything until 5 days later when the owner of the company calls demanding repayment stating that I would be sorry if I don't pay them and burn a bridge with them. Then come to find out she had been calling up to my current job asking for me and keeps calling me asking about when I will be paying them back. I explained to her that I have every intention to make things right but can't do it right away. They are now holding my 401k until they are paid back.
I'm been employed for this company for 24 years dedicated
I'm been employed for this company for 24 years dedicated and loyal got hurt on job told boss next day try to fix problem my self and complan about injury every week could not fix fild workman comp 2 months later they denied because boss said he did not know about it I got a lawyer working on it but have no money coming in to pay bills and need to go to doctor what can I do to survive
I recently contacted my Target Pension Plan to find out why
I recently contacted my Target Pension Plan to find out why had not been contacted at the age of 65 about pension payments. The agent said he did not know but I was eligible for payments now. I am currently 69 years old. He said the longer you wait to receive payments the higher they become. My question is since I was not informed by them can I receive the amount available at age 65 and retroactive amount for the last 5 years or do I have to accept the higher monthly amount and begin now. Thank you so much for your help.JA: Because laws vary from state to state, could you tell me what state is this in?Customer: Pension Plan is from MN I currently live in FLJA: Have you talked to a lawyer yet?Customer: noJA: Anything else you think the lawyer should know?Customer: No.
Type your question hereTime Warner cable was bought by
Type your question hereTime Warner cable was bought by Charter communications. Charter froze the Time Warner pension plan and created their own savings plan called the retirement accumulation plan. We are being told that we will have access to the funds upon retirement or termination of employment. If Time Warner Cable no longer exists and Charter is not continuing the pension plan then how can they legally block us from taking the lump sum?
My employer did not deposit our employee contribution into
My employer did not deposit our employee contribution into our IRAI discovered this when I called the organization who handles the IRA. We have been making contributions since May. I reported the employer to the IRS. Today I received a phone call from my previous employer that my funds are being deposited this week with interest. I am concerned that they are not covering everyone's account. What can I do?