Legal Question in Business Law in Ohio
401k, can my employer touch it when I leave?
I am leaving a company were I have worked for almost 7 years. I am on a draw against commision. I have always meet my draw. For the last year this indrustry has gotten slow, and I have not meet my draw. I have desided to leave this company. I have a balance of around 4000 dollars in the rears. My question to you is when I get my 401k back, can they take any of that money???
Asked on 1/31/04, 10:22 am
1 Answer from Attorneys
Frank Rozanc
Frank J. Rozanc, Esq.
Re: 401k, can my employer touch it when I leave?
As a rule, no, but they may deduct it from any sort of severence package.
Answered on 2/08/04, 2:44 pm
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