Dylan Handy did everything right — or so he thought. Two years ago, when he was 33, Handy tried to roll over his $114,000 401 ...

Two years ago, when he was 33, Handy tried to roll over his $114,000 401 (k) after switching jobs. Instead of a secure digital transfer, Paychex sent paper checks.

Two years ago, when he was 33, Handy tried to roll over his $114,000 401 (k) after switching jobs. Instead of a secure digital transfer, Paychex sent paper checks. Don't miss ...

Q: Last year, I lost my entire 401 (k) — $114,000 — after Paychex mailed me physical rollover checks instead of doing a secure transfer. The checks were intercepted and fraudulently cashed.

A thief stole 401(k) checks out of the mail. But why was Paychex, a major industry player, using paper at all given how often check fraud happens?

A New Yorker named Dylan Handy wrote in to the Times claiming to have lost all $114,000 of his 401 (k) savings after the payroll and benefits platform Paychex mailed him physical checks during a ...

Now, It’s Gone. A thief stole 401 (k) checks out of the mail. But why was Paychex, a major industry player, using paper at all given how often check fraud happens?

In the case of a Roth 401 (k), there is a 10% penalty if you perform an early withdrawal. In other words, if this Redditor was looking to pull out their original $10,000, they can do so, but they ...

Early withdrawals occur for those younger than 59 1/2 If you withdraw from your 401(k) early, you're subject to a 10% fee 401(k) loans are an alternative to cashing out early Early withdrawals ...

Claiming breaches of contract and fiduciary duty, and negligence, plaintiff Handy sued Paychex Inc. over a retirement account disbursement that was intercepted by an unknown third party. Deeming ...

Traditional 401 (k): Contributions to a traditional 401 (k) are made with pre-tax dollars. This means that you do not pay ...