Company Error in Birth Date Prevents 401(k) Contributions: What Can You Do?

Reported about 14 hours ago

Lena discovered that her company mistakenly registered her birth date incorrectly, leading to nearly a decade without contributions to her 401(k) retirement account. This error categorized her as 'ineligible' for participation, causing significant financial loss. To remedy the situation, Lena should gather evidence, contact HR for an account audit, and potentially escalate the issue to the Department of Labor if necessary. Regularly checking 401(k) contributions is crucial for avoiding similar problems in the future.

Source: YAHOO

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