Every 401 K is differnt your employer knows what you are and are not able to do in regards to being able to get any funds released grom your 401,usally unless you are know longer working for the company or retired then you may not be entitled to get any funds released. You can also go on line and check your 401 K plan and find out your options. Some 401K's will allow you to barrow a certain amount of your 401 K money,but if they do then you would be charged a precentage of that loan to pay back and then it would have to be taken out of your payroll.
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Submitted 299 days ago...
How can I force my ex-employer to give me my 401k money?
My ex-employer will not release the employee stock ownership portion of my 401k plan. They told the plan admainstrator - that they have changed the rules & want time to do a revaluation of the company stock (privately held) and have put distributions on hold until Jun - Aug of '09.
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Answer 2 / 2 -
Submitted 296 days ago...
Since it is privately held company stock, really they can do with it what they like. Usually this works itself out, but can take time. ( I work for an administrator and see it happen often)
It is not a bank is it?
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