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    kmr49's Avatar
    kmr49 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Jan 5, 2009, 04:37 PM
    Employer making contributions to your 401k
    Has any one heard of this? Had about 29,000 in my profit sharing acct. was fully vested after 8 years. Then employer (as his practice grew, employees & patients ) he rolled over all monies into a 401k acct. employer would match your contributions up to 6%, but, ONLY if you let him invest monies, I had no say... where the monies were invested... So, after
    2years of this I lost over $29,000, had I not let him invest my monies he would not match
    Your contributions... Is this legal? I was fully vested monies 100% mine!
    Linnette1973's Avatar
    Linnette1973 Posts: 36, Reputation: 0
    Junior Member
    		  
    #2

    Jan 6, 2009, 01:56 PM
    Does not sound legal to me. They can't tell you what to do with your money. You may want to contact an attorney.
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