last year my work gave us x-mas bonuses in the form of some type of 401(k) contribution. it was like a grand or something. as far as i know, i don't have 401(k). i never signed up for it nor do i want it. so naturally i found out who the 401(k) company was and contacted them asking if i could cash out. they e-mailed me back saying to ask my boss about it? now, i've had 401(k) before and as far as i know, i was the one in charge of my account. so, i went into my bosses office and told her i could use the cash right now to fix my car and she basically laughed and said i couldn't touch it.
they did the same bonus this year. again i never signed anything. does this sound like something i could take to a lawyer?

they could either give me the cash or wipe their ass with it as far as i could give a fuck. i don't want 401(k). and from what i can remember, having 401(k) effects your taxes?

money put in 401K accounts isn't taxed until you withdraw it, so you won't get taxed on it now. You should be able to take the money out but you have to pay some crazy ass tax (about 25% I think). Fuck the bitch, take the money and run. Sounds scammy though, I don't think someone can open a 401K account in someone else's name......in reality you probably got jack shit for xmas

that's what i thought. no one else had the balls to go into her office and say anything though. they're all just smiling and taking it. for some of the people though, it's a good thing but for me it isn't. i bet they get some kind of tax break for doing it.

i got a bottle of non alcoholic cider for an xmas bonuses. frankly i'd rather have the fake 401(k)

There should be a way to monitor your 401k and check out what's going on in it. Have one of the other guys with 401k's look and see if there's actually new money in there. Is this a small business too? $1,000 each sounds like a fucking lot for a bonus.

FuckIsMySignature said:

haha

yeah, i'ts a small business. i think i can access my account myself and see what's going on in it. i did that last year and the money was in there. just couldn't get it out?

You should be able to cash in your 401k.

menstrual_sweatpants_disco said:

just go straight to the company that the 401K is hosted through, your boss shouldn't need to be involved

menstrual_sweatpants_disco said:

i know. i even e-mailed the company and told them i wanted to. i think something fucked up is going on here. i wonder if i should bring it to a lawyer.
they use to just give us money. it was taxed but it was still good. now it's money i can't touch. wtf.

i found the email reply they sent to me:

You must have a qualifying event to close your account such as
termination of employment. Please speak with your plan administrator

this is from their site:

is a third party administrator, providing high quality compliance and administrative services for 401(k) and other tax qualified retirement plans. Skilled in plan design we provide the best features and content to ensure each plan has identified and met the goals of the business.
Third party administrators are an integral part of keeping retirement plans a major part of the future retirement security of American workers. We make it possible for employers to safely navigate the myriad legislative and administrative issues involved in providing plans for their employees. But not all third party administrators are alike.

We deliver our services using a vertically integrated model, assigning each client to a dedicated consultant, ensuring responsiveness and attention to the questions and issues unique to each business. With state-of-the-art systems, alliances with all major vendors and record keeping organizations, we provide the right service, with the right touch, for the right cost.

We provide design, installation and administration for all defined contribution plans, cross tested plans, 412(i) defined benefit plans and others

Lame. How much would a lawyer cost, though?

menstrual_sweatpants_disco said:

that's my whole thing. i don't want to have to pay for a lawyer. but i do have an old friend (lawyer) that might just check it out for free and tell me what he thinks. i'll probably bring what i have to him. i just logged into my account and there's almost 2 grand just sitting there. i could really fucking use that right now and i don't trust this 401(k) shit as far as i can throw it. never have never will. i'd rather put my money in a CD or something.

What if you call these jokers on the phone and get a different person or something? Maybe in the end if they're still fucking around you can mention that you'll get a lawyer if you need to (I don't know if they'd care, though).

i should try that. i'll put on a maniac voice and let them know i know where there office is... seriously. fucking kikes.

is it a profit share maybe? I had one of those and I couldn't legally touch the money until I quit. So I did

why don't you ask Hitler for the money you nazi DOUCHE?

silvio... that was awesome

Yeah, it sounds fucked up to me