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You can't embezzle from your own company. sm - Wow

Posted: Jul 12th, 2019 - 12:59 pm In Reply to: our 2019 401k isn't being paid on? - anon

As I go through these posts, I am shaking my head with both the nastiness and the incorrect info.

You cannot embezzle from your own company. It's not right, but it's not illegal. 401k has until the following year, as you posted, to be paid in. I do know that every company has to do a 401-k audit every year in January on the previous year with an outside company. That means that previous years are ok. I was a bookkeeper in a previous life and hated it, but at least I do know some things.

Before everyone panics and thinks their 401k is gone, the facts are that the company cannot go in and take out anyone's retirement money. It's kept very secure by a 401k company.

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Keep posting about Keystrokes pay please! - sm (Views: 1261, 2019-07-10, 8:11 pm)
- you are so right - anon (Views: 735, 2019-07-10, 8:26 pm)
  - I doubt that. Keystrokes is 22 years old and I worked with her sm - Confused (Views: 780, 2019-07-10, 11:16 pm)
    - It is not a rumor.... - SM (Views: 825, 2019-07-10, 11:26 pm)
      - I have been with her since the beginning. There was no other company. sm - Geesh (Views: 881, 2019-07-10, 11:37 pm)
        LOL - Too funny (Views: 640, 2019-07-11, 12:48 am)
        KS is counting on the loyal ones to work for free - sm (Views: 599, 2019-07-11, 9:59 am)
        It's not working for free. If we didn't get paid, it would be. sm - Tired of the Bullies (Views: 708, 2019-07-11, 3:40 pm)
        Yes, it HAS been going on for over a decade - SM (Views: 765, 2019-07-11, 4:41 pm)
        I still have the bounced checks and my - see message (Views: 802, 2019-07-11, 9:25 pm)
        LOL Retire there? No. Peter has robbed Paul for the last time sm - yes a decade (Views: 603, 2019-07-12, 5:33 pm)
        That is right. SHE IS STILL MAKING MONEY - Where is yours? (Views: 736, 2019-07-12, 8:26 am)
        ?There was no other company? - Ellipsys another company? (Views: 581, 2019-07-15, 6:42 pm)
        I was referring to the comment that there was another company that went bankrupt. - Geesh (Views: 484, 2019-07-16, 12:50 am)
    - LT - MT67 (Views: 838, 2019-07-11, 9:40 am)
      - Exactly - CMT (Views: 621, 2019-07-11, 11:57 am)
- single moms? - NM (Views: 819, 2019-07-10, 8:31 pm)
  - I agree it is important to keep - this and similar situations in mind (Views: 634, 2019-07-11, 2:46 am)
    - Late pay - CMT (Views: 692, 2019-07-11, 4:37 am)
      - I am a former KS MT. - see below (Views: 1051, 2019-07-11, 7:28 am)
- Google the owner. Plenty of information. - nm (Views: 569, 2019-07-11, 8:07 am)
- there is only one way you can stop her from not paying you - sm (Views: 729, 2019-07-11, 2:04 pm)
  - Couldn't agree more - Jen (Views: 562, 2019-07-11, 2:24 pm)
- Keystrokes has always been crooked - Steer clear (Views: 558, 2019-07-11, 9:25 pm)
  - Thank you for the further enlightenment - This is why it is great to keep talking about this (Views: 822, 2019-07-11, 11:42 pm)
- our 2019 401k isn't being paid on? - anon (Views: 698, 2019-07-12, 2:49 am)
  - No deposits have been made to 401k for 2019 - anon (Views: 655, 2019-07-12, 7:22 am)
    - You need to notify the Feds. - they will investigate and (Views: 505, 2019-07-12, 8:13 am)
    - SOUNDS LIKE EMBEZZLEMENT. - You have every right to know what is going on. (Views: 752, 2019-07-12, 8:47 am)
    - YES, CONTACT THE FEDS IMMEDIATELY!!!! - SM (Views: 563, 2019-07-12, 12:12 pm)
  - 401K - sickening answer - see below (Views: 827, 2019-07-12, 8:40 am)
    - and if you counted your deductions and there is really no - 401K, you are also in trouble SM (Views: 879, 2019-07-12, 9:30 am)
      - re in trouble - barbie (Views: 504, 2019-07-12, 7:56 pm)
    - 401K-insurance - Anonymous (Views: 699, 2019-07-12, 1:32 pm)
      - That's easy. If not paid, they cancel in 1 day. I had that happen before at another company. - KS MT (Views: 467, 2019-07-12, 2:06 pm)
  - Okay, here is what you need to do - Embezzlement (Views: 693, 2019-07-12, 12:20 pm)
  - You can't embezzle from your own company. sm - Wow
    - there is nothing to take- that is the point - anon (Views: 482, 2019-07-12, 1:08 pm)
    - Yes you can. It might be a different term or name but - it can be done and is. nm (Views: 557, 2019-07-12, 2:03 pm)
    - 401k Contributions - sm (Views: 525, 2019-07-12, 3:59 pm)
    - Oh you can- you embezzle funds meant for 401K or insurance payments - and put it elsewhere. (Views: 503, 2019-07-12, 5:36 pm)
    - Not take out the money from 401K but - use the money deducted from paycheck. (Views: 562, 2019-07-12, 11:32 pm)
    - OMG, really? - Wow (Views: 680, 2019-07-13, 12:12 am)
      - Seems to me - SMH (Views: 595, 2019-07-16, 2:53 pm)
  - She's no stranger to white-collar crime. nm - oh my glad I quit there (Views: 590, 2019-07-12, 5:36 pm)
- Listen to the sounds of the slots, the groans of the folks sm - The Oracle (Views: 553, 2019-07-12, 5:40 pm)