- Joined
- Nov 10, 2006
- Messages
- 187
- Reaction score
- 10
Sorry about the crappy spelling etc. My phone auto correct is going crazy Hey guys quick question. Anybody have their 401k from albertsons returned to them? Last year I put in about 12k into my albertsons sponsored 401k plan. This week I got a check in the mail for 5k from albertsons for a supposed overpayment on my 401k. I called fidelity and was told that the irs fined albertsons for the plan favoring highly compensated employees. In order to make things fair they returned a portion of my contributions. I put money in pretaxed and the check they sent to me was taxed by federal and state. And now I'm going to have a early withdrawal penalty attached to this because it's considered an early withdraw. Any one in the same situation? How can I reinvest without the penalty.?