Flextronics Complaint - 401k Grab
AUSTIN, TEXAS -- I worked for Solectron that was recently taken over by Flextronics. and we have been told by Flextronics that our 401k's are going to be moved directly into their plans. And a lot of us did not want this! We wanted to rollover our 401k's into IRA's.
This does not sound legal to me! We signed up for Solectron 401k's not Flextronic's. Is this America or a socialist nation now? To top it off the human resourses dingbat I was talking with in the morning response was it's the company's money!!!
So a fair warning to any of being asked to get into 401k's. Get IRA's don't drink the 401k koolaid!