Welcome! | Ask A Question

 
 
 
 
Question

Asked 9/15/2008

Company froze 401 k

Is it legal for a company to hold and freeze a former employee’s 401K for 60 days? The employee was laid off due to the down turn in the construction industry and at no fault of the employee.

 
 
 
 
 
Answers

Answer 1/1 - Submitted 10/19/2008

no

 
 
 
 
Answer This Question Now

Type your Answer in the box below and post your answer.

Learn more about how this works

 
 
 

Related Questions (Ask a New Question)

 
I will need to inquire about a 401 k plan that my mother owns.

I will need to inquire about a 401 k plan that my mother owns. the company is alabama. it looks at though i will need start spending down her assets as she will eventually will need to go on state assistance. i don't know much about 401 ks so i wondering if you can answer a couple of questions? 1....

See Answers

 
Can i withdraw money from my 401 without the 10% early withdrawal penalty to pay my house off?

I was permanently laid off this week. i am age 52 and my 401 is a company one at john hancock. it is all my money. there was no company match. this would be considered a hardship with my loss of wages.

See Answers

 
My company dissolved our 401k 4 months ago, i still have not received the roll over to my roth ira, can the company hold thi

Can the company use my 401 k fund dispersment?

See Answers

 
Related Questions

I will need to inquire about a 401 k plan that my mother owns.


I will need to inquire about a 401 k plan that my mother owns. the company is alabama. it...

 

Can i withdraw money from my 401 without the 10% early withdrawal penalty to pay my house off?


I was permanently laid off this week. i am age 52 and my 401 is a company one at john hancock....

 
 

Small business 401(k) and safe harbor


I own a small business (sole proprietorship) that employs 4 other people. i earn around $70k...

 
 

How many years is a 401 k open ?


My husband quit his job 16yrs ago but worked for the company for 8yrs does he still have a...

 
 

See more 401k questions

 
 
 
 
 

Ask A Question

Ask a new question about
401k: