Guest ksmith Posted August 27, 1998 Posted August 27, 1998 I joined an institution that had a qualified plan where shares of stock were granted to plan participants on a yearly basis. I requested a rollover into the plan which was granted, but was later rescinded as "the dollars that I was requesting to rolled over into the plan would bump others who had waited throughout the plan year." I was offered a verbal option which ultimately I took as I thought I had no other option. One year later the company was sold and the stock sold for considerable more. I believe that the trustees of the plan acted irresponsibly and believe that I have a right to the stock as I had and originally directed the rollover. Please advise.
Recommended Posts