 |
 |
|
|
|
||||||||||
|
||||||||||
|
|
|||||||||
|
||||||||||
An appeals court has revived an ERISA lawsuit, giving the plaintiff the right to sue his former employer for alleged mismanagement of its 401(k) plan even though he had cashed out.
Sarah Johnson, CFO.com | US
August 3, 2007
At what point does a company draw the line about information given to retired employees, or employees who have cashed out of their benefits programs? When the investment showed the first signs of losing money, that is when questions should have been asked, or explainations demanded. I feel, if you cash out, spend it, then contemplate how much more you "would" have had, well, shame on you for not keeping your eyes and ears open. We have been sold 4 times, I believe, should I go back to the first ones and say, you did me wrong, I lost money? It's called LIFE!
Posted by Sue Eubanks | February 16, 2008 10:22 am
© CFO Publishing Corporation 2009. All rights reserved.