Unemployed May Recover 401k Losses from Their Employer

Chicago, IL, February 26, 2009 --(PR.com)-- Research by the Foundation for Financial Freedom, LLC of Oak Brook Illinois, reveals a hidden “loophole” in government regulations that may allow unemployed workers to recover financial losses in 401K plans from their (ex)employers. The US Department of Labor’s ERISA regulations provide employers with protection from investment losses, but if certain rules are not followed entirely (a common error by most businesses), employers may be liable to reimburse 401K plan participants for any losses.

“This is a significant finding for unemployed (and employed) workers who are experiencing financial hardship by providing a path to recover some financial losses,” said Gary T. Shorter, founding member of The Foundation. “The ERISA regulations are very complex and we have developed a step-by-step procedure to help 401K participants determine if they are eligible for recovery of financial losses from their employer,” Shorter added. This Research Report is available at the company’s website: www.FoundFreedom.org.

The Foundation for Financial Freedom, LLC is intended to be a not-for-profit organization, focused on educational services with real-time market research to help its members gain control of their financial future and Learn to Earn the Income You Deserve (TM).

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