kateatthebeach

Bird, Thank you and I agree. That is my guess - they gave me the full vested amount before I was fully vested. Belgarath, Thank you too and this is what I concluded from the non-committal language in the letter. Again, I am happy to pay back what is not mine but to ask me to trace back 5 years of applicable earnings is, in my opinion, completely unreasonable. I just do not want a tax headache down the line. Thank you both! Kate

Hello All, Like Maria, I also received this letter from Prudential. It is surprising to know the mistakes are so common when it is with your money!!! My situation is slightly different. I worked for the company for one year (2015 to 2016) and rolled everything into a qualified rollover IRA plan. The letter states that I received overpayments in the amount of $4,158.04 that was not eligible for a rollover. Further, it says if I rolled it into an eligible retirement plan (including IRA), I MAY need to withdraw the overpayment plus applicable earnings from that plan and failure to do so can result in tax penalites. Then it asks for me to please return it to the plan. My questions/concerns are: The letter says I MAY. It sounds very non-committal and they are trying everything. I have no problem paying back money that is not mine. However, how can they possibly expect anyone to pay back applicable earnings? Whether I chose aggressive stocks or a municipal bond is none of their business. Also, how can they expect any participant to know what the earnings are on a subset of funds from 5 years ago? I am wondering what most people do when they receive this letter. How can Prudential continue to run plans if they continue to make these insane errors? Okay.. Looking for some sound advice folks. ? Thank you!!