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Author: Hawkwin Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 25242  
Subject: HR refusal to release funds? Date: 2/15/2012 9:54 AM
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I met a client the other day that is eligible to perform a rollover. She has supporting documentation that states such. She is not currently covered by a blackout period but her local HR rep has specifically stated that the plan administrator will not sign the form and has so far been unwilling to state why.

I've never seen a situation like this and I can't imagine what vested interest the HR peon would have in not releasing the funds. HR even told the lady that another employee was trying to do the same thing (even told my client her name - talk about violation of privacy), and that they had refused the other employee as well.

Does anyone know of any legal recourse the employee can take in this situation? Thank you for any feedback.
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