My sister and my ex both tried and they were told nope only loans and or quit
Woah! So they are forcing you to have that 401k damn
Same. Common restriction
Why nobody sued govt yet for this ?! Why forcing people to hold something they don’t want or not letting them liquidate it. That’s bad
Common law probably. And it’s not a govt problem, it’s a B2B offering problem with skewed incentives. Afaik, the company I work for is strong armed into the situation. Probably get kickbacks too
Merica
If you agree in beginning of your hire date. Yes once you start in SOME company you can stop allocating but you cant cash out till you quit or retire