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The CFO of my company was fired recently, and after she left it was found out she never set up my 401k. The contributions were coming out of my check every 2 weeks, but they never went into my Fidelity account. (Yes, I had tried to get an answer on where my funds were going for a year, she assured me it was set up but was having trouble getting the info with covid, etc., then went on maternity leave, etc. Basically just lying for months.) My employer wants to make it right, but I want to check that my calculations are correct. Is there a way to determine how much interest was lost for the year based on my contributions and the 3% they were to match? My salary is variable as I have a base + commissions. Obviously the market did very well 2021, and I feel they owe me an average of the market return. Anyone have a formula to calculate the lost interest?



Submitted January 13, 2022 at 10:22AM by bassbingirly2002 https://ift.tt/3HZ5t3y

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