Law Firm Investigating Wal-Mart’s Profit Sharing and 401(K) Plan

why dONT THIS FIRM INVESTIGATE EVERY OTHER COMPANYS 401K PLANS AND THEIR ACTIONS AS WELL?I AM SO SICK OF THIS BS ON WALMART AND THEIR ACTIONS.pick on every other company in america.i am sure that you will find that numerous other companies have done things far worse than walmart has done or been accused of.you are reall y picking at straws and you know it.enoughs enough.get a life.

Sounds like just another group of ambalance chasers, looking for millions from another ‘class action’ lawsuit!!

The more lawsuits the better. Bring them down.

Matthew stumbled onto the ‘Caps Lock’ key!

Congrats, Matt!

What a coincidence.  4 days after Keller Rohrback announces an investigation into Merrill Lynch’s 401(k) plan it announces the investigation in to Wal-Mart’s 401(k) plan. Who is the administrator of Wal-Mart’s plan?  Merrill Lynch. Why not name the world’s largest company in the investigation.  GREAT PUBLICITY and PORTFOLIO BUILDER.

There is a story in today’ New York Times about John Thain,former chief of the New York Stock exchange. (He is replacing the former CEO who fell from grace in a golden parachute for the subprime market losses).Mr. Thain is also an alumnus of Goldman Sachs,whose other alumni include Robert Rubin,Josh Bolten,Henry Paulson and,last but not least ,John Corzine.Surely, with buds like these,it will be intriguing to see what type of “investigation” will be really done.(The article today in NYT is by Michael de la Merced.)Also,at Lawyers and Settlements.com there is a story by Heidi Turner about this,posted about 30 minutes ago.

I think being an ex employee of Wal-mart that their plans for our future through profit sharing and gainsaying are great ways of insuring its employees futures, it means that they are being helped while helping themselves and I think one would be smart to invest in any companies retirement plans that can prove themselves legit. Wal-mart has been around a long time serving quality to the people for pennies less than its competitors investigate someone else and let Wal-mart continue to help those who wish to help themselves after all you can pull out anytime and if the stock crashes we will be in company of a lot of others.

Annie:Perhaps the investigation will determine whether or not it’s being legitimately invested,Annie. Do you remember how Enron employees were encouraged to buy as much Enron stock as possible-to reinvest in the company? Yes,if the stock crashes you’d be in the sad company of a lot of “others.” Maybe the WalMart site would appreciate you posting your vote of confidence on THEIR website.

Anyone, associates included, that bought WMT since 2000 has lost money.

My grandma worked for walmart for 22 years and has had more problems than ever with her 401k and profit sharing...we are going to check into this after the holiday weekend...she has lost thousands of dollars over the years through all of this and has just been told she didnt know what was going on and “they”, the administration/personnel would take care of it.  Yet when she tried to get her money she was told no to leave it there..?  ya we have been battleing them for the last few months and her final payout has went from almost 80K down to 44K???? makes no sense why half of the money she earned is gone not to mention the problems she has had with her health insurance. it was only a matter of time before walmart finally got what it deserved.