WITN  | Edgecombe, Nash County  | News, Weather, Sports

QVC Says Investigation Continues

QVC says it continues to investigate alleged irregularities regarding employee 401k hardship withdrawals at its Rocky Mount distribution center.

QVC told WITN Thursday, "As the plan administrator of its 401k plan, QVC is required by the terms of the plan and federal regulations to conduct this investigation to ensure the appropriate operation of the plan and to protect all participants in the plan. We are working with Fidelity Investments, the third-party provider retained by QVC to help administer the 401k plan, to complete this process and anticipate having a resolution in the near future."

QVC says every employee involved in the investigation will have an opportunity to meet with them to discuss the allegations, and all employees who return to work after the investigation will be made whole for any loss of scheduled hours.

Some QVC employees protested Wednesday, saying they were given 48 hours unpaid leave over the hardship withdrawals which they claim they provided the proper documentation for.QVC says it continues to investigate alleged irregularities regarding employee 401k hardship withdrawals at its Rocky Mount distribution center.

QVC told WITN Thursday, "As the plan administrator of its 401k plan, QVC is required by the terms of the plan and federal regulations to conduct this investigation to ensure the appropriate operation of the plan and to protect all participants in the plan. We are working with Fidelity Investments, the third-party provider retained by QVC to help administer the 401k plan, to complete this process and anticipate having a resolution in the near future."

QVC says every employee involved in the investigation will have an opportunity to meet with them to discuss the allegations, and all employees who return to work after the investigation will be made whole for any loss of scheduled hours.

Some QVC employees protested Wednesday, saying they were given 48 hours unpaid leave over the hardship withdrawals which they claim they provided the proper documentation for.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
WITN

275 E. Arlington Blvd. Greenville, NC 27858 252-439-7777
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 52619942 - witn.com/a?a=52619942