Hewitt Contract Employees Accused of Stealing from 401(k)s

June 11, 2010 (PLANSPONSOR.com) - Two contract employees of Hewitt Associates were indicted this week for stealing money from retirement accounts.

Lake County Assistant State’s Attorney Mary Stanton said the two Florida men, who worked as customer service representatives, each face up to 15 years in prison if convicted. She said the men, operating independently of each other, stole 401(k) account numbers from Hewitt clients and transferred money from the accounts into their own bank accounts, Chicago’s Daily Herald reports.  

Specifically, according to the news report, one man took the account number of a 59-year-old Michigan woman in December 2009, and transferred $85,000 from the woman’s account into his own, Stanton said. The other man took $45,000 from the account of a 67-year-old Miami woman, also in December.  

Both men were caught when Lincolnshire police traced the transfers to the computers the men used for their work with Hewitt. They were arrested April 22 and charged with identity theft and money laundering.