Do any experts on nonprofit organizations know the law or regulations for a 401K program for a museum organizations?  For example, we have our personal money going into a 401K account, and the organizations matches up to 3% of our gross income.  We, however, have not received a statement or any feedback from our accounts since last August or September (2000).

I believe it is the museum's responsible to report 401K contributions to the government as well as to the contributing staff members.  How can a staff member know their contributions or where to shift monies if they cannot see their account?

With last years great downdrop in the stock market, we lost much because we were not able to pull out or change or options.  I think some ethical questions are at stake, and the museum itself can be responsible for this can't they?

Any suggestions?

Best,

Concerned 401K staff members

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