My former employer is refusing to release me from the 401(k) plan and keeping my money there. I am fully vested. I am not of retirement age. The trustee is stating that the administrator is denying the request. I have tried to contact my former employer and they will not return my calls. There has to be some kind of legal steps I can take. I am not made of money, I would love to sue them but right now that is not an option.
I agree that suit is cost prohibitive. However, a strongly worded letter from an attorney would not be too costly and often works wonders. It would be a good investment.
I hope you found this response to be helpful. If so, your clicking "helpful" and/or "best answer" would be appreciated. This answer is merely my personal view on the subject and is not intended to constitute legal advice nor does it create an attorney-client relationship. Further, my response is based upon the limited facts that were provided in the question and therefore my view might well be different if I was informed of additional or different facts or circumstances. Further, I am only licensed to practice law in the states of Idaho and Montana. You should not take any action or refrain from taking any action in reliance upon my view set forth herein, rather you should consult counsel who is licensed to practice in the state having jurisdiction over this matter.
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