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URL:  https://boards.fool.com/do-you-have-any-articles-when-i-looked-i-found-32160584.aspx

Subject:  Re: Attitude Question - SS Date:  3/15/2016  2:39 PM
Author:  rharmelink Number:  79350 of 97388

Do you have any articles? When I looked, I found only a handful of articles, and mention of back wages, but nothing about raided 401-k accounts.

I think it was a follow-up to this article (I'm not a subscriber, so I can't see the whole article):

https://www.highbeam.com/doc/1G1-62605886.html

However, I did see this much:

Employees of the nine Twin Cities Pannekoeken Huis restaurants that closed late last year are having trouble getting information about their 401(k) retirement plans because of the parent company's bankruptcy liquidation.

U.S. Rep. Bruce Vento, D-Minn., is looking into the matter after a constituent complained that Massachusetts Mutual said it would not allow transfer of the individual's account until a full accounting of contributions is received from Sytjes Pannekoeken Huis Restaurants Inc.

Vento said Massachusetts Mutual received lump-sum 401(k) contributions from the company but does not know how the contributions should be allocated among employees. Vento said there also is a question whether all the money was contributed as required.

But Rob Kugler, the Pannekoeken attorney with Robins Kaplan Miller & Ciresi, said he feels confident that the company was current on its contributions to Massachusetts Mutual.


I'm itching my memory, but as I recall, it ended up that they hadn't made the contributions to the 401k accounts for a number of months, and whether the lump-sum contribution from the bankruptcy proceedings was sufficient?
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