QUESTION
What do I do after my 401k was withdrawn without my knowledge?
Asked on Jul 13th, 2013 on Estate Planning - California
More details to this question:
I received my 401k statement, and it now has a $0.00 balance. Someone withdrew all of my money. How is that possible?
13 ANSWERS
3 Awards
No idea. You should contact the company and make a police report.
Answered on Jul 18th, 2013 at 8:15 PM
They stole it. Call the police.
Answered on Jul 18th, 2013 at 8:03 PM
Bankruptcy Attorney serving Florissant, MO
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Law Offices of Thomas Corcoran Phipps
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It could be some type of fraud. You need to contact the administrator of the plan to see what they can do for you.
Answered on Jul 17th, 2013 at 2:00 AM
Business Planning Attorney serving Livonia, MI
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Frederick & Frederick Attorneys at Law
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I have never heard of such a thing. More information would be needed. Depending on what happened and how, there may be recourse.
Answered on Jul 15th, 2013 at 9:01 PM
Trusts Attorney serving Sacramento, CA
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Law Office of Victor Waid
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You need to contact the administrator of the 401k plan immediately, and if answers are unsatisfactory, obtain yourself a litigation lawyer to possibly sue the plan administrator for mismanagement.
Answered on Jul 15th, 2013 at 9:00 PM
Contact the 401(k) administrator immediately along with a lawyer.
Answered on Jul 15th, 2013 at 9:00 PM
Appellate Attorney serving Grosse Pointe Farms, MI
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Musilli Brennan Associates, PLLC
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It should not be. If you are in Michigan please call with details and for an appointment.
Answered on Jul 15th, 2013 at 8:59 PM
Contact the bank, orgnaization, or financial institution that holds your 401K immediately and ask for help. If someone has withdrawn these funds without your permission or in violation of a law, you will need to contact law enforcement organizations or banking/financial agencies.
Answered on Jul 15th, 2013 at 8:59 PM
Business Law Attorney serving Bingham Farms, MI
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James T. Weiner, P.C.
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Contact your investment advisory IMMEDIATELY ask what happened.
Answered on Jul 15th, 2013 at 8:59 PM
Probate Attorney serving Newport, OR
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Minor, Bandonis & Haggerty P.C.
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That is not possible. Contact the holder of the 401K. Immediately. cribe.
Answered on Jul 15th, 2013 at 12:55 PM
Estate Planning Attorney serving Wilmington, DE
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Reger Rizzo & Darnall, LLP
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Not unless someone forged you name and produced documents. You should contact plan administrator to see how it was done and do whatever they suggest. You may have to file an action, both criminal and civil, against whoever did it, and file some kind of action against plan administrator if they released it to an unauthorized person.
Answered on Jul 15th, 2013 at 12:21 PM
Thomas Edward Gates
You need to file a police report and notify the bank/financial organization of the theft.
Answered on Jul 15th, 2013 at 12:10 PM
2 Awards
Contact the plan administrator immediately and find out what happened. If there is fraud involved or something the plan administrator did wrong, you may be able to sue, but there is just not enough information right know to know how to fix the issue.
Answered on Jul 15th, 2013 at 12:09 PM