A 401k is a good place to start in planning for your future retirement, no matter how far away you may be from the actual time. A 401k account is a special type of savings account that is funded directly through your paycheck each pay period. How it works is that you and your employer [...]
Posts Tagged ‘401k Funds’
Wells Fargo 401K Plans Robbed — Thousands $ Missing
Posted by admin on July 18th, 2010
According to a Minnesota TV station, a Wells Fargo 401(k) plan operations manager has been accused of robbing 401k plan accounts.
The 401k Operations Manager, who oversaw the 401k daily fund operations, allegedly disbursed money from dormant 401k accounts to fictitious names he created. He then had the checks sent to his own office and deposited [...]
Posted in 401k Retirement Plan 
Tags: 401k Accounts, 401k Administration, 401k Funds, 401k Plan, 401k Plans, Abandonment, Disbursements, Fake Names, Fictitious Names, Fund Operations, Greed, Minnesota Tv, Operations Manager, Plan Administrator, Plan Operations, Procedural Controls, Record Keeper, Social Security Numbers, Tv Station, Wells Fargo 
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