PENSION RED FLAG: WHEN YOUR EMPLOYER HAS FINANCIAL TROUBLE
Call us when your employer has financial trouble. It is an early warning system that your pension might also be in trouble. In addition, the following are signs that your 401(k) contributions might be misused:
–If you have difficulty withdrawing cash from your 401(k) plan
–If you are told that money can only be withdrawn with advance notice
–If your account balance is not accurate
–If your 401(k) or individual account statement is consistently late or comes at irregular intervals
–If former employees are having trouble getting their benefits paid on time or in the correct amounts
–If 401(k) or individual account statement shows your contribution from your paycheck was not made
–If Investments listed on your statement are not what you authorized
Again, if you have any of the above issues with your 401(k) plan, give us a call for a free consultation to sort this out. The earlier you can address pension red flags, the easier it is to protect your pension investments.
Kevin McBride is a Pension & Benefits litigation attorney in Los Angeles, California, USA.
He is admitted into three California US District Courts (Central, Southern, and Northern), the US District Court for the District of Utah, the Ninth Circuit Court of Appeals, and the Federal Circuit Court of Appeals. McBride holds a BA degree in Economics from the University of Utah and a JD from the University of Utah College of Law, where he served on the Utah Law Review. He is a member of the Federalist Society and the Federal Bar Association.
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