My company just notified me that they screwed up on the formula for the match on my 403(b) account, going back to 2014, to the tune of $4,529 and will be taking that back out of my account! Any thought on this? Do I just have to suck it up? I understand it was money I really shouldn't have gotten, but also think it shouldn't have taken them 3 years to figure out they goofed!
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posted: Sep. 29, 2016 @ 2:31p
Three years of gains on that $4,529 is worth something at least.
Senior Member - 1K
posted: Sep. 29, 2016 @ 3:02p
You essentially had a "margin" 403B account. You made out in the end, assuming they also don't take the gains. Don't worry about it and move on. No different than a bank taking back an incorrect deposit years later. It isn't your money.
posted: Sep. 29, 2016 @ 5:25p
And what do they do with people's accounts that rolled them over?
posted: Sep. 29, 2016 @ 5:56p
DPG said: Three years of gains on that $4,529 is worth something at least. Playing devil's advocate, but what if there were losses?
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