DCEH employees really need a lawyer in the receivership case in Cleveland, now that the judge is basically running the schools. Fired employees haven't received final paycheck. Employee benefits have been cut. Receiver Dottore says medical plan is "on hold" & DCEH will stop withholding deductions.
16 replies (most recent on top)
"Based on the fact that the agreement in court on 3/18 indicates faculty are to be paid third, in a list of four, and the seeming issues getting the retirement funds to rollover amongst everyone, I feel it is time to have a lawyer representing. The issue is, of course, how do unemployed people justify this expense?"
Where did you find the information regarding faculty being 3rd in a list of 4 to be paid? Could you please share a link? I am one of those employees and am in contact with other teachers as well.
It's not a "freeze." No one froze anything. You're attribution motive and action to something that's not there and getting extra angry about it. Yes, I'm saying it's likely an oversight for a company that let go of almost all of its HR personnel to make an HR gaffe. Did you read my post? I think the only word you used from it was "oversight" and none of the actual points I made. Also why I said keep calling the numbers. Who knows when you might get someone or someone will notice the messages. Typing angrily on The Layoff isn't doing anything for you.
They can't access your money in the account. What would they gain by actively deciding not to inform Fidelity? Same question I asked in my first post. Are you saying they just didn't release them out of spite? What's your reasoning?
Based on the recent despicable perfidy on DCEH's part, you are implying that the freeze on millions of 401k dollars might be an oversite? As in 'oh, we forgot!"
As they say in the South: "You need to quit!"
Based on the fact that the agreement in court on 3/18 indicates faculty are to be paid third, in a list of four, and the seeming issues getting the retirement funds to rollover amongst everyone, I feel it is time to have a lawyer representing. The issue is, of course, how do unemployed people justify this expense?
I contacted Fidelity to rollover my DCEH 401k into another plan and cannot as I'm still identified as an "active" employee of DCEH. Bad enough we aren't getting paid, now we are unable to move forward.
A company that fired all of its HR people didn't do an HR thing when letting go of thousands of people. There's nothing nefarious about not releasing the accounts. They still can't touch the money in your 401k. Not saying that makes it right, but some of you are blowing it into something it's not. I'm just not seeing a reason that it's anything other than an oversight. What do they gain? What evil motivation do they have for it?
I know a lot has gone down. Take a breath. Get off this site. File for unemployment. Start looking for a new job. Keep pinging any contact info you've received on your termination letter/paperwork to correct the oversight.
Beyond needing the money in my temporarily unemployed state, the worst part about no pay and the hold up of the 401 K for seemingly nefarious reasons is the continued exposure to the toxic environment that was both EDMC and DCEH. I want to be able to put this all in the rear view and cannot because I have to file with the state and federal labor board about the pay issue, and I have to keep trying to get my 401K converted to IRA. The drama continues.
DCEH has to send them notification of status change. Why this has not been done is anyone’s guess. Contact HR ASAP. Demand this be addressed. If not, and they file bankruptcy, we may never get the money. I don’t know how long to wait before hiring an attorney.
The full amount is NOT available.
DCEH has not released them. So those laid off 2 weeks ago cannot rollover or cash out.
the vested 401k accounts need to be turned to an IRA where you can have access to it while unemployed... The employer needs to release it; document that you no longer work for the company.
Vested 401k accounts are available. What are you talking about?
Maybe you ought to ask David Halperin. He is a lawyer in DC and has lots of connections.
Judge can say whatever he wants. Doesn't mean he has the authority or the funds to make it happen with the roughly zillion individual government, private, and individual parties involved. There are legislative and federal funds, there are group insurance plans, there's a bankruptcy estates, there's roughly a hundred school entities and sub entities in a hundred jurisdictions, he's so far out of his depth it isn't funny. And there is zero money to make anything happen.
The letter said they would not withhold medical... grrrrr
vested 401ks are not available - dceh is avoiding telling fidelity that employees are not longer employees.