@ganymede said in Real World Peeves, Disgruntlement, and Irks.:
You know, a lot of ERISA violations can result in awards of attorney’s fees, so many attorneys take such cases on contingent upon such awards or on a contingency fee. So you could look one up, and work it out.
That.... is really good to know.
Because thus far by my count, they've:
- Violated ERISA protections by transferring the money from a 401k into an IRA without written spousal consent, which I can't even do with a 403b I've had five times as long as we've been married
- Violated fiduciary responsibilities by transferring the money to a custodian with some of the highest fees and poorest service in the industry
- Enacted a force-out prior to the time normally allotted, during which the money should've been in a successor plan
- Failed to notify us of any this, with the previous plan provider claiming the employer was responsible as the plan sponsor and the employer claiming this was done by the financial company and -- at least as of earlier tonight -- neither party being able to provide us with copies of the written notifications that are required when plan changes are made
And while the HR representative we spoke to is attempting to claim that the company no longer exists and therefore there's no one that can be held responsible for any of this, they're continuing to do business under another name with money from a private investment firm that acquired them and re-formed the business. All without passing through bankruptcy first, so while we all know what happens when one assumes, leaves me with the impression that investors would now be at least partially responsible for any liabilities the company held at acquisition.