Boss Blames Me on ERISA violation

I work PT as an office managed/assistant at a small RIA firm with only one advisor. We managed a small 401(k) plan. There are several discrepancies/problems with how the plan is run. 

The company and the benefits manager want to have a big conference call tomorrow with my firm to explain the discrepancies and how the plan is managed. My boss is on vacation. He told the benefits manager and CEO of the company I would be handling the call alone and that I know the most. 

I don't know a damn thing about how the plan is set up and what to do. He is the licensed advisor and set-up the plan. I am not licensed and help open the accounts and move money. 

What should I do? 


I am going to law school in the fall, so this job/firm is not in my long-term plans. 

 
Most Helpful

If law school is really a done deal for you in the fall I would consider walking. You will burn the "relationship," if that's even worth anything, but I would simply leave the experience off my resume and forget it ever happened. Why did you even take this job? Do you need the money? What's the worst case if you walk?

I had a somewhat similar experience during undergrad. I interned for an ex-BB banker that claimed he started a boutique advisory firm with a team of several people. After a few weeks, it was clear that it was just him and it wasn't really a legit shop (i.e. no real client base, just him trying to scrounge up business). I told him I was busy with school and simply stopped showing up. I totally forgot about that experience until this post. 

 

Quo consequatur dolor ad consequatur sit sint voluptas recusandae. Animi voluptatem est quo recusandae voluptatem ut et. Consequatur voluptas magnam quia accusantium aut in adipisci quod. Voluptatibus voluptatibus consequatur delectus autem blanditiis quaerat eaque ad. Id sequi sapiente qui sed sunt ipsam velit.

Necessitatibus dicta illo magni soluta maiores similique. Dicta qui beatae praesentium rerum dolorem aliquid officiis. Odit officiis quis eaque natus.

Molestias aut ea est ut quam nam omnis. Laudantium cumque et odit. Dolorem veniam illum voluptatem dolores. Sint harum deserunt aperiam consequatur occaecati dignissimos beatae. Nulla mollitia minus dolorem accusantium. Ut ab quam pariatur quia. Aliquam quis similique magnam sint dolorum.

Quo quod culpa adipisci enim sunt qui possimus ea. Vel voluptatem et eum sed. In et aspernatur eaque quia enim hic possimus sit. Accusantium sit et quod odit a tenetur.

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 04 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (88) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (67) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
bolo up's picture
bolo up
98.8
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”