||Your employer's plan calls for all compensation
paid to you to be used in determining your retirement benefits.
Your bonuses and overtime were deleted from the computer run
resulting in a portion of the contributions and benefits that
should have been accumulated for you being unpaid.
||The administrators credited your profit sharing
account with the forfeitures and earnings from the wrong year.
||You are leaving a profit sharing plan and
the administrators have valued your account on the basis of
the fair market value of the assets at the beginning of the
year instead of at the end of the year when the stock market
had increased substantially.
||The administrators have cashed you out of
the plan on the basis of an old vesting schedule rather than
the new, more favorable, schedule.
||For purposes of vesting, the administrators
failed to include your service with a related company.
||You're in the profit sharing plan but the
administrators have failed to include you in the pension plan,
even though you qualify.
||You're being cashed out of your employer's
pension plan. The administrators have used the wrong years of
service for you in determining your benefits.
||The wrong computer disk is being used to
update files. Your current benefit statement reflects the same
information that was on your benefit statement 4 years ago!
||Many years after you leave a company and
reach age 65 there is no pension distribution paid to you, as
the company you worked for is out of business or has moved to
a new location and has changed its name and you don't know how
to find it.
||The company has numerous divisions and each
one has a different plan. The administrator is working on cashing
you out of the pension plan but is using the information from
another division's plan.
||Your service with one division was not counted
toward the pension plan of another division. As you leave your
employer, it is preparing to pay you substantially less than
you're entitled to receive.
||The plan trustees have improperly invested
your plan money and, as a result, you are getting a payout that
is a fraction of what you should receive.
||The staff from the plan administration department
is constantly turning over and no one is familiar with your
||After many years of continuous service, the
plan administrators show you having a break in service of several
years when, in fact, you had no such break in service.
||Your company merged with another and the
benefits of the new plan do not give you the minimum benefit
promised by the old plan. Furthermore, the executives and plan
administrators from the old company are no longer available
to help you.
||Computer software used by the plan administrators
has serious design flaws.
||You went from union to non-union status.
The administrators failed to take into consideration your union
benefits when determining your total benefits.
||Your pension plan was amended to raise benefits
but the administrators are still using the old benefit formula.
||The company counts your five highest compensation
years of service toward retirement. When calculating your benefits
they used your last five years and failed to review your compensation
from many years ago when commissions you earned resulted in
much higher compensation that should have been used in calculating
||Your employer entered into prohibited transactions
that resulted in the loss of substantial funds for the participants
in its plans. A prohibited transaction is an investment the
law does not allow.
||Your supervisor incorrectly reported your
wages to the benefits department.
||Your plant is closing down or you are part
of a large group of employees that are being discharged. There
are Internal Revenue Service rules that could make you 100%
vested even though your employer has treated you as only partially
||As a participant in your employer's plan
you are making contributions from your own money in addition
to what your employer contributes. When you leave the company
the administrators fail to include the benefits funded by your
||Many years ago you participated in a plan
that was discontinued by your employer. The administrator "froze"
the plan (meaning no more contributions would be made to that
plan, but as people left the company, the plan would pay them
off their rightful share). Now, many years later, you are leaving
the company and the administrators pay you from the current
plans but not the "frozen" plan.
||The administrators fell behind in their work
and contributions and benefits were not posted to your account.
Furthermore, one or more years later no one caught this error.
||Your employer illegally took money from the
pension or profit sharing trust. Now as you retire there is
insufficient money available to fund your retirement.
were destroyed or misplaced and the employees were not told
about it. As the administrative staff does its work they are
trying to reconstruct your files for many, many years.
||You're eligible for early retirement but
no one has informed you. Had you been told, you would have been
able to take your money out in a lump-sum distribution.
||The pension fund administrators are working
with a plan that provides for various benefit options and requires
many complex calculations to determine the highest benefits
for you. They make a mistake and pay you on the basis of the
option with the least amount of money.
||Wrong assumptions and methods were used to
determine your benefits. Had the correct tables been used you
would have received substantially more money.