My old company stopped putting money into our 401ks. I told a couple of co-workers that was REALLY strange and that it could lead to a lawsuit. I asked management about it and they said to "trust the process". The business failed about a month later and never saw the money. I worked for the IRS at one point and knew its VERY illegal to take money out of 401k and not put it in the designated accounts.

They got sued by a class action after the initial bankruptcy and we, the workers, won. We got about 1/3 of the total money. Still sucked...but I was right!

And people went to jail. They didn't want to give us access to the 401k for little more than a year after the bankruptcy which scared a LOT of people because they rolled over their accounts.

If you want to get angry: https://abc30.com/post/bitwise-401k-contributions-employee-access-business-closure/14403735/

https://www.sfgate.com/bayarea/article/bitwise-fraud-scheme-unraveling-22218110.php

Honestly the founders got off easy. Theres a ton the IRS can do...and the lawsuit did use three letter federal resources to prosecute.

Wake up, sheeple goatle.