Apparently Citi had a li'l slip up with its 401(k) match last week, for current and former employees, across the company. Some people received thousands more than they were supposed to get, others much less than they were owed. Big C's all over the problem now, though, having taken the money back (presumably transferring it into a shoe box entitled "Vikram Pandit's Zen Garden Fund"), and telling workers to sit tight. And to those of you bitching, Pandito suggests you reflect on how much worse it could've been.
Sent: Monday, April 06, 2009 6:19 PM
Subject: 401K Match
We are aware that many of you are finding discrepancies with your 401K match. This is a firm wide issue that is being investigated. We will get back to you once we have an answer.
Program Coordinator, Analyst & Associate Programs