Legal Question in Disability Law in California
I've been on long term disability since 1999 and had a 401k with my employer which I understand I could not contribute into, but the account would stay until I returned to work. In 2006 LTD benefits were canceled because of harassment and restarted a few months laer, yet my 401K was siezed because I was not an "active" employee. If a 401K was there for 7 years while I was not active, but still an employee, why then did the termination of LTD trigger it and I can't get the 401K money back? It was close to $500K my entire life savings gone. is this legal?
1 Answer from Attorneys
If your money was taken in 2006 and now it is 2011 and you didn't do anything about it, in all probability you are stuck out of luck. You snooze, you lose. But due to the amount you should consult in person with an attorney in your locality.