Expert: Allen - 10/1/2007

Question
I am no longer with my employer, as of July 9, 2007.  They were not depositing my deductions from my paycheck into my 401K account and are currently now depositing what was supposed to be before I left them.

What are my possible actions towards this company and how can you determine the amount of interest would or could have been drawn on the missing dollars.

Thank you

Answer
If the amount is significant, you can complain to the local office of the U.S. Dept. of Labor, Employee Benefit & Security Administration. The Dept. of Labor has developed a procedure for the Plan Administrator to calculate the lost earnings. However, before going to the government, I would discuss with your former employer. It should consider doing what is required on its own rather than having the government make them do it.