When the stock market takes a dive, your 401k suffers too. While many employees allocate some of their earnings to their employer’s 401k plan without a second thought, employees still need to periodically review their accounts thoroughly to ensure that their employer is protecting their best interests.
The federal Employee Retirement Income Security Act (“ERISA”) requires retirement and health benefit plan managers to protect employees’ retirement savings. This includes prudent management and diversification of the investments, along with rules against “self dealing” (for example, investing all of the 401k plan’s funds into your employer’s own stock).
If you have any questions whether your employer is complying with ERISA, please contact Shavitz Law Group at (800) 616-4000, or visit us at www.shavitzlaw.com for a free, no obligation evaluation of whether you have been the victim of an ERISA violation resulting in lost retirement savings.
YOU EARNED IT, NOW LETS GO GET IT.
Gregg Shavitz, Shavitz Law Group, 951 Yamato Rd Ste 285, Boca Raton, FL and 800 3rd Ave, Suite 2800, New York, NY. Lawyers licensed in states including FL, NY, NJ, and TX. The choice of a lawyer is an important decision and should not be based on advertisements alone.