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Pastimes : Legal proceedings via SI -- Ignore unavailable to you. Want to Upgrade?

To: BrightFuture who wrote (161)	12/16/1998 1:14:00 AM
From: EL KABONG!!!	Read Replies (2) \| Respond to of 242

terke, I recently read a real good article describing almost exactly what's happening to you. If I can find it, I'll post it for you. But you may not like the answer. As long as the investment money is not being co-mingled with the company's assets, they're probably not doing anything wrong, even if the company is earning interest on your investment monies. They are likely allowed to offset the company costs of the investment program with the interim interest earned on employee's withholdings. KJC

To: BrightFuture who wrote (161)	12/16/1998 9:49:00 PM
From: Estimated Prophet	Respond to of 242

Re: your money held hostage before it is invested. I must say that I agree with your sentiment and I would like to see any explanation of its propriety. The same thing happens with my 401(k) money and it seems to me to be a violation of fiduciary duty of the employer in its position of trust while in posssession of your money. But I really don't know what the rules are and it may well be governed by a written agreement that you have signed at the time you joined the program.