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Employer delayed 401k enrollment causing lost contributions and match

💸 moneysocial problemSingle report ●●●●● severity 4/5

An employee reports that their employer failed to provide 401k enrollment paperwork for six months after the employee became eligible, resulting in the loss of potential contributions and employer matching funds.

Who's affected: An employee whose 401k enrollment was delayed by administrative inaction from their employer.

⚠️ Single report. This is one person's account. We mark it so until more voices confirm it.

What people do today

🔧 Fix this

Ideas a builder, maker or community group could start on:

  1. A template letter generator for employees to formally request 'make-whole' contributions from employers for administrative errors.
  2. A browser-based calculator that estimates the lost compound interest and employer match based on salary and plan details.
  3. A legal advocacy service or directory specifically for employees seeking to recover retirement plan losses due to employer negligence.
I want to build this

Real voices

“He never gave me enrollment paperwork until December 2024, so I never got enrolled until January 2025.”

Source: Stack Exchange (money) · CC BY-SA 4.0, user-contributed content from Stack Exchange; summarized and modified

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