Can't find my 401k funds.....WTH

[DAVID GAGE]

In short my company was bought out last year and my new employer can't locate the funds of anybody that was invested in the money market fund. There is about 8 of us that are missing funds. The rollover was supposed to be complete by 4/1/11 We notified them by May 1st and its been since then and the Human Resources dept. can't seem to locate the funds. All they keep saying is its locked up for 12 months. We never received anything saying that it would be locked up. I would never have put my money into something that pays less than 1% and lock it up for a year knowingly. I did receive a statement from Wells Fargo showing that the account was closed out on 2/28/11. We are starting to get frustrated and not sure what to do. Should we be seeking an attorney??? or wait it out??? is our money locked up or are they trying to buy some more time to find the funds????

The more I invest in these 401k's the more I think they are a joke. I really hate other people having control over my money. Whats going to happen when 90% of the population is vested this way. My guess is the government will find a way to tax the hell out of them. NEVER follow the herd.

[Jon Holdman]

Attorney time!