daniellerdh05

Thank you for your answer!

I will definitely check into all of this... Thank you!

I hear that! I know that no money had disappeared I'm just bummed that nothing was contributed. I try and keep things right for my future. More so for my family. I'm an honest person who tries to do right by everyone. I just have to realize that not everybody is like that. Wish they were. The world would be a better place. On a different note, I love what I do. Been there for 12 years. I love it more with my new boss... He's definitely on my level. I feel that even him is being screwed by the old boss.. Horrible to say. But......

If he had sold the practice in August 2015 shouldn't he have terminated at the sale? He continued to tell us that the new boss had until October to put in funds! The new boss new nothing of this according to him. My main concern is the 9 months in between. He's shady. I turned to a colleague and asked of the whole suituation 2 days prior to this letter. All of a sudden, we get these.

Agreed. If he sold the practice in August of 2015, shouldn't he have terminated it then? And then he continued to tell us that the new boss had until October to put in the funds. When I asked the new boss, he said to me that this was never brought to his attention but he'll take care of it. My main issue is the 9 months in between with no funds put in

Yes. Very poor. Hopefully it will be taken care of as of today. Our new boss is on it supposedly. Thank you for your answer.

It took him almost a year to terminate it. We thought it should have been done then and he should have at least given us information on what to do. He left us with one day to take care of the matter. The good thing, being that I have a big mouth is I brought it right to the attention of the new boss and he said he had no clue of this and he'll take care of it right away. Thank you for your answer

I'm confused. My boss sold his practice last year but remained as an employee. Before the sell he told us that EVERYTHING will remain the same. NOTHING is changing. Within this we're assuming 401k, hours, employees, pay etc... We were paid biweekly and our contribution to our 401k was automatically deducted and put into our funds (and whatever %he matched). That all stopped after practice was sold. So nothing was takin from our cks and I'm assuming he didn't contribute. When we asked what was going on, he replied the new boss had until October to put in. Another source told me it would also have to be retroactive. Yesterday at 530 pm he (previous employer) handed us a letter saying, " we are providing you notice that, effective April 30, 2016, bla bla bla name of previous practice, the employer will be terminating the bla bla bla 401k plan. Effective with this amendment, no future benefits will accrue after April 30, 2016. Your account balance will not be decreased as a result of this amendment." Ok with that being said, if he is terminating it as if April 30, what happens to all of that time in between? If he sold the practice in 8/2015, shouldn't that have been terminated then and brought to the attention of the new owner? I brought it to the attention of the new owner and he had no idea about this letter nor our 401k. Is our old employer trying to pull a fast one on us because he has in the past.. He may he forgot this step in closing and is now trying to cover up. Shouldn't he have given this letter to us a long time ago as well? Giving us time to flip our plans. 2 days notice and the new owner had no clue of this. Shady?!?! Who is responsible? Any help is appreciated. Thank you.