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Subject: Free 401K Money Author: Dave B. [ Next Thread | Previous Thread | Next Message | Previous Message ] Date Posted: 18:46:55 11/29/06 Wed I took a part-time job at a national pool supply retailer to learn about pool maintenance since I had recently had a pool installed in my backyard. I worked there for approximately six weeks before quitting. I didn't like the hours they kept giving me and I knew I just wanted to pick up some knowledge. While there I did not sign up for any 401K, nor did I receive any other employee benefits except an employee discount on needed pool supplies. Almost two years had past since I worked there when I received a statement from Fidelity Investments saying I had $865.00 fully vested in a 401K with this retailer. That was more than the wages I'd earned while there. I contacted the headquarters of the retailer and they said the money was mine. I said that I hadn't contributed, but they said it was mine to keep. They said that they had to run a few test cases and they choose me. I think they just screwed up and forgot to put my termination through and the 401K simply grew from employer contributions. I rolled the money into my rollover IRA. Is this true? Are companies required to run test cases? Any other obstacles I might encounter down the road? [ Next Thread | Previous Thread | Next Message | Previous Message ]