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 [...]
Posts Tagged ‘Plan Administrator’
Wells Fargo 401K Plans Robbed — Thousands $ Missing
Posted by admin on July 18th, 2010
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 
No Comments »Knowing Your 401k Plan.
Posted by admin on April 22nd, 2010
Taking full advantage of your 401k plan today can help you achieve financial goals sooner, and provide enough income for a comfortable retirement. For most working people, Social Security checks alone will not be enough to maintain the standard of living they are used to, once they are no longer working. If you are lucky, [...]
Posted in 401k Retirement Plan Tags: 401k Plan, 401k Plans, Account Statements, Additional Income, Assets, Brochures, Earnings, Federal Government, Financial Goals, Financial Magazines, Investment Options, Investments, Maximum Percentage, Plan Administrator, Prospectus, Quarterly Basis, Retirement, Salary, Social Security, Social Security Checks No Comments »
