I was an executive working in a small family owned finance and insurance company in the City of Philadelphia for the past 11 years. I was an integral part of the success of the various closely held companies which accrued assets in excess of $100,000,000. I eventually decided that I wanted out of the “family” business to pursue my own career path. While negotiating my buyout package, I tried to resolve my 401k and pension plan but it just seemed to muddy the negotiating waters. I felt confident that I was protected under the Federal laws of ERISA, so I decided to deal with the retirement plans at a later time. I made numerous cordial attempts to rollover my money to only later find that the CEO of the company had no intentions of ever giving me my money (as ridiculous as that may sound) and flat out said so.

I was an executive working in a small family owned finance and insurance company in the City of Philadelphia for the past 11 years. I was an integral part of the success of the various closely held companies which accrued assets in excess of $100,000,000. I eventually decided that I wanted out of the “family” business to pursue my own career path. While negotiating my buyout package, I tried to resolve my 401k and pension plan but it just seemed to muddy the negotiating waters. I felt confident that I was protected under the Federal laws of ERISA, so I decided to deal with the retirement plans at a later time. I made numerous cordial attempts to rollover my money to only later find that the CEO of the company had no intentions of ever giving me my money (as ridiculous as that may sound) and flat out said so.