Civil Twilight

Losing money is a sickening feeling. Especially money you’ve earned, and are legally entitled to.

One employee lost $100,000 from her former employer: $50,000 from missing 401(k) contributions and earnings and much the rest from unpaid wages.

In February, the company president had urged Otter to stay. The company dissolved on March 6.

Small companies, like her former employer, are often the most vulnerable to missing funds.

Legal requirements are in place. Sometimes money is recovered. Sometimes it’s not.

$100,000.

Are you regularly checking to make sure the 401(k) contributions that are deducted from your paycheck are making it into you retirement account?

It’s a good reminder for all of us: setup a system to check.