Island Air employees have gotten another piece of bad news.
Along with missing paychecks and health benefits, they're also now unable to access their 401K retirement savings plans.
In a bankruptcy court filing, trustee Elizabeth Kane says the airline's 401K plan was "self-administered."
And because all employees have been terminated, there is no one available to help employees access their funds.
Another costly mistake: The airline deposited some of the employees's 401K money into the wrong account, causing missed loan payments.
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