QVC has suspended 200 employees at its Rocky Mount, N.C., distribution plant for potentially fraudulent 401(k) hardship withdrawals, Workforce Management reports.
In a letter mailed to employees on Aug. 4, QVC Vice President Nick Brecker said the company had received the applications through the plan’s administrator, Fidelity Investments, and suspects the supporting documentation may not be valid. QVC tells the employees that they have two days to schedule an appointment with a human resources or loss-prevention specialist to state their case.
“If you fail to schedule such appointment, we will accept your inaction as your decision to voluntarily resign your employment,” the letter says. It continues to warn the employees that if the company finds their hardship application was fraudulent, they will be subject to “corrective action, up to and including possible termination.”