URGENT, Question regarding US retirement benefits for L1 visa holders

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cvk90

Registered Users (C)
Hello,
I am on L1 B visa here for last 2.5 years working for MNC (Fortune 200). The benefits folks recently contact me and told me that I was not allowed to participate in US retirement plans (401K) and that they are returning all my previous contributions and earning back to me as an income. They said that they allowed to participate me for past 2.5 years by mistake.
My question is if this is true ? Are there other folks on L1 who are participating in 401 K plans ? what are my options here ?
PLEASE HELP.
 
We know many H1B visa / L1 visa holders joined the 401K plain

The L1B visa is a non-immigrant visa with immigration intent, same as H1B visa. With L1B visa, you can apply for Green Card at any time if you meet the qualification requirement, or if your current employer wants to sponsor you.

The 401K plain is an employee's benafit provided by many employers. If you are a formal employee, you should have it. There is no law or policy to not allow you to join it, beacuase of your visa status.

We know many H1B visa / L1 visa holders joined the 401K plain, and this never be a problem or even a question. The basic fact should be that you can join the 401K plain at any time, and get your money back if you want to go back your home country latter.

VectorP
www.greencardapply.com
www.greencardfamily.com
 
Thanks for the response

Thanks Victor. I was thinking on the same line. Do you have link or any official documents which talk about retirement benefits for L1 visa holders which I can share with my employer ? I would really appreciate if I can get something.

Anyone else having personal experience of being on L1 and contributing to Retirement plans ?? Please advise.
 
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