Question:

Can a person contribute to a 401(k) using a false social security number?

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Can they receive fund disbursements upon retirement if the social security number they have been using for employment isn't theirs?

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  1. If they have been contributing to the 401(k), then they can probably take it out when they quit or retire.  However, I second the answers previously given that it is not legal.  401(k)s are managed by private firms and administered by private firms.  I doubt that they do checks on the validity of SSNs as long as they have an address to go with it.  


  2. They can contribute, but they will not be able to make any withdrawals, so it wouldn't make sense, would it?

  3. can they yes.. is it legal no. if the company that does the 401k is dumb enough to let them contribute to it they are prob dumb enough to let them draw against it

  4. It's a bad idea because the money will be collectible by the person who owns the social security number.

  5. The withdrawals will be reported to the IRS using the same ss#.  Could result in some tax fraud problems. If you are not using your own ss#, it might be time to get whatever the underlying reason is for doing this fixed.  It won't get easier with time.

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