Bristol, RI asked in Employment Law for Rhode Island

Q: A major company isn’t giving their match retirement funds to retired employees. Is this legal?

Lifespan. You can’t even see your match money in your statements they hide it.

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1 Lawyer Answer
Albin Moser
Albin Moser
Answered
  • Providence, RI
  • Licensed in Rhode Island

A: Every retirement plan is governed by plan documents. Those documents are summarized by a Summary Plan Description. HR can give you the summary plan description. Also, every retirement plan has a Plan Administrator. Make a request to the Plan Administrator identified in the Summary Plan Description for a complete statement of your matching retirement funds. If you do not agree with the information you get, then communicate that to the Plan Administrator. See how far you get. If your concerns remain unresolved then you might hire a lawyer. A lawyer could review the Summary Plan Description you obtained and the information sent by the Plan Administrator to you, and talk to you about your case.

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